In an initiative to optimise the usage of cash in an efficient economy, government agencies have begun to encourage the reduction of cash circulation by introducing electronic payment (e-payment) instruments. For certain merchants, the high cost-of-entry for the use of these e-payment infrastructure forces them to pass these costs on to the consumers. Other merchants however, may choose to opt out from it altogether.
The Rototype Cashless ATM seeks to overcome the high cost-of-entry barriers and functions as a shared ATM, enabling customers to pay for purchases using their ATM card.
By selecting the merchant payee at the self-service machine, the total amount payable will be debited from the customer’s savings or current account, while the merchant will receive payment instantly via electronic transfer. At the same time, customers will receive a secured voucher which can be presented for their purchases, just like cash.
Capture merchants to participate in your bank’s shared Cashless ATM network
Reduce the cost of cash handling, while promoting the use of e-payments
Interest gained from keeping all participating merchants’ direct deposits in your float account
Eliminate cash-in-transit and high insurance premium
Does not retain any cash
Initiate co-branding activities with your merchants
From managed services to bespoke services, we’re committed to reducing the complexity of your operations whilst maintaining high levels of availability of your self-service ATM fleet at the lowest cost.
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