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Post Demonetisation, Cash is back in circulation in a big way; How Bank Mitra CSP BC Micro ATM can help?

As per a recent report published in Business Standard the numbers suggest that the cash circulation is aggressively back in action. The money withdrawn from ATM’s stood at Rs. 2,54,781 crore in October 2016 and it is now back to the pre demonetisation level at Rs. 2,26,842 crore at the end of July 2017. Mobile wallet transactions were at Rs. 3306 crore in November 2016 and after soaring to Rs. 8353 crore in January is now back at Rs. 6934 crore in the end of July 2017. The aforesaid numbers themselves suggest that cash is back in action in a big way post demonetisation. To bring an effective digital payments infrastructure, one needs a 360 degree retail payment eco system at the ground level to achieve maximum digital transactions. Bank Mitra CSP BC developed an in-house Micro ATM called Bank Mitra CSP BC Super PoS which doesn’t only limit one to do banking transactions only on the device but also provides last mile banking, digital payments services on one single platform thereb...
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Bank Mitra CSP BC Facilitates Credit to Retailers

Bank Mitra CSP BC Services today pioneers in Fintech space. With its recent launch of Super PoS Micro ATM, Bank Mitra CSP BC has reached out to provide digital payment solution to the masses. With plenty of service offerings in one device, Bank Mitra CSP BC leads the race in generating more and more use cases in the industry. Bank Mitra CSP BC currently has a vast retail network of 2,00,000 outlets and serves 150 million customers in real time. Bank Mitra CSP BC recently entered in the business of credit lending and acts as the facilitating platform for disbursal and repayment of loans and interests. Currently, Bank Mitra CSP BC is working with Capital Float, Fundaura and Epaylater, who act as the lending platforms to the retailers through Bank Mitra CSP BC. The overall objective of lending is to maximize business potential of retailers by providing them credit facility at affordable rates. We have seen that many Retail Outlets/RMUs do not have sufficient funds to pre-fund their Tr...
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How Bank Mitra CSP BC is changing the Retail Payment Eco System in India? Bridging the Offline to Online Payments Connect The true digitisation of cash

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