Acemoney launches banking service project in Tamil Nadu

Acemoney, a fintech company, is set to launch a project in Tamil
Nadu to provide banking services to individuals and traders. The all-in-one payment device,
which includes Micro ATM, Aadhaar ATM, and POS, will enable merchants to offer various
services, including cash deposits, withdrawals, domestic money transfers, balance enquiry,
account opening, loans, insurance, bill payment, and recharge. The device will allow
customers to withdraw cash using a biometric system, facilitating card-based or Aadhaar-
based financial transactions. Acemoney's large screen touch display and thermal printing
facility cater to traders and customers' needs. Customers can use debit or Aadhaar cards for
payments, and Acemoney also provides BBPS facility for recharging and bill payment.
This will open new business opportunities for merchants and provide more services to
customers. The company has previously launched offline UPI ATM cards for financial
transactions using keypad phones and wearable ATMs, which have been beneficial during the
COVID pandemic.