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Eliphaz Yesudas

Helping SaaS and B2C... • 8m

i have an idea of building an app that can show the balance in the ATM(with some extra features ) , so users can go to the ATM that has enough money for the user (used needs ) . my question is 1. is it relevant in this digitalization world where everyone is using UPI ? 2. Do the banks allow this ? 3. is it technically efficient ? even though India is in the path of electronic money transactions . there are still some countries still use cash open to discuss , let me know what you thought .

4 Replies

Replies (4)

Anonymous 2

Hey I am on Medial • 8m

This actually saved me a few times during COVID when ATMs were empty. if you add filters like ₹500-only, ₹2K-only, it could be super useful.

1 Reply

Anonymous 1

Hey I am on Medial • 8m

With UPI, contactless, and bank transfers rising, this might be solving a problem that’s shrinking year by year. by the time you build it, market could be gone.

Banoth Ganesh

Co-founder at StaynP... • 8m

Yes it is possible but to build this we need approval from bank's. As per my knowledge we have to add a chip in atm which will have the unique code with address. Based on that we can detect amount and other things. In app when user opens , user enter the location or around user locations atm will be visible. when user clicks we can show all the amount details and other things. Not only this we can add multiple futures.

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Anonymous

Hey I am on Medial • 11m

who is the upi ATM franchise

good

bad

Votes: 4

1 Reply

BigLoot IN

BigLoot.in - Where S... • 1y

Indian Banks Are Shutting Down ATM Machines Because of UPI and Digital Payments 4000 ATM Machines Closed in Last 1 Year Cash Circulation in India is Still At All Time Record High of Over ₹34.70 Lakh Crore India Has Only 15 ATMs For 1 Lakh People

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Laxit Rana
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Repute • 1y

Why Banks are preferring UPI for ATM cash withdrawal instead of traditional Cards No Physical Card Production: Issuing debit cards costs banks money (around Rs 150-200 per card for production, shipping, and activation). UPI eliminates this by workin

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OMPRAKASH SINGH

Founder of Writo Edu... • 1y

How ATMs Make Money – Let's Find Out! 🤑💸 1. Transaction Fees: When you withdraw money from an ATM, you are charged a certain fee. This fee goes to the ATM operator and is a significant source of their income. 2. Balance Inquiry Fees: Checking yo

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RV Dhameliya

Student • 7m

In the last five years, cash withdrawals initially increased but are now declining, while the number of ATMs is steadily decreasing. 1. Cash Withdrawals Growth → Then Fall Growth till 2022–23, now falling. Digital payments like UPI, QR codes, wall

Laxit Rana
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Repute • 1y

[PART -1 ]UPI is set to phase out debit card, and we will be here witnessing it :- - UPI is to introduce a new feature "UPI Circle" that allows users to delegate payment authority to family members or friends. So it basically enables primary account

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Vamsi Krishna

IIM Bangalore BBA (D... • 1y

Is anyone here using the UPI application "Super Money"?

6 Replies

Al Ganesh
•

Tapasya College of Commerce and Management • 1y

Unicorn startup idea :-An app that tells you which ATM has actually money Tell me will this work in India??

17 Replies

Jayant Mundhra
•

Dexter Capital Advisors • 1y

Paytm shareholders are ignoring this? 📛📛 The fintech giant was the only UPI app to be making money on UPI. And now that’s no more possible. Here's all you should know! .. The thing is, NPCI (via Govt grants) compensates the banks to up keep the

1 Reply