FINO Payments Bank Mini ATM - AF60S WatchData White

Cash on Delivery (COD) order

Do you want to order FINO Payments Bank Mini ATM - Watchdata AF60S white device in bulk quantities? Here're the "Wholesale Deals" for you.

Brand: FINO Payments Bank

Color: White

Model: AF60S

Warranty: 1 Year

Product description

This new FINO Payments Bank Mini ATM machine, model AF60S, is imported by Mantra Softech India Private Limited. AF60S Micro ATM is useful to generate the ATM Card PIN of FINO Payments Bank debit cards. Along with ATM PIN generation, this Micro ATM is also used for cash withdraw and balance enquiry.

Maximum commission per withdrawal: Rs.10

Maximum withdrawable amount per transaction: Rs.10,000

Daily maximum withdraw limit per card: Rs.10,000-Rs.50,000 (depending upon the respective bank and card's daily withdraw limit)

Basic Features:

• Item: Point of Sale Terminal
• Model: AF60S
• Input: 5.0V --- 500mA
• Net Weight: 125 Gram
• MRP: Rs.4,000

Box includes:

1. Point of Sale Terminal (Mini ATM)
2. User manual
3. USB Cable
4. Merchandise & Safety Manual

Manufactured by:

Beijing Shenzhou Security Pay Technology Co., Ltd

Imported By:

Mantra Softech(I) Pvt. Ltd., B-203, Shapath Hexa, Opp. Kargil Petrol Pump, S.G. Highway, Ahmedabad - 380061, Gujarat

Marketed By:

FINO Payments Bank

-:Commission Slab of FINO Micro ATM:-

Commission as of January, 2023

Fino Payments Bank: A Prominent Player in India's Financial Inclusion Efforts

Fino Payments Bank is a payments bank based in India. It was one of the 11 entities that received in-principle approval from the Reserve Bank of India (RBI) in August 2015 to set up a payments bank. The bank officially launched its services in 2017, with a focus on serving the unbanked and underbanked population in India through its network of banking correspondents and mobile banking services.

As a payments bank, Fino is able to accept deposits up to a maximum balance of INR 1,00,000 per individual customer, and offer a range of banking services including small savings accounts, payments and remittance services, and mobile banking. Additionally, Fino also provides other financial services, such as loans and insurance, through its partnerships with other financial institutions.

Fino's target market is the underbanked population in India, particularly migrant labor workforce, low-income households, small businesses, and other unorganized sector entities. By providing these individuals and businesses with access to basic banking services, Fino is helping to promote financial inclusion in the country.

In terms of performance, Fino has shown strong growth in its customer base and deposits. As of December 2020, the bank had over 5.5 million customers and deposits of INR 1,700 crore. Additionally, Fino has been recognized for its efforts in promoting financial inclusion, receiving several awards including the "Best Payment Bank" award at the Indian Digital Banking Awards in 2020.

In conclusion, Fino Payments Bank is a well-established and growing payments bank in India that is playing a key role in promoting financial inclusion in the country. Its focus on serving the unbanked and underbanked population, along with its strong growth and recognition in the industry, make it a noteworthy player in the Indian banking sector.

Understanding the Role of Payments Banks in Promoting Financial Inclusion in India:

Payments banks are a new model of banks conceptualized by the RBI to further financial inclusion in the country by providing small savings accounts and payments/remittance services to migrant labor workforce, low income households, small businesses, other unorganized sector entities and other users.