ATMs were introduced in India way back in 1987 but it gained popularity between 1999 to 2003. India has seen a lot of innovation in the ATM services with Open ATMs in Bangalore to Floating ATMs in Kerala. ATMs were also set up at higher altitudes in Leh for the benefits of the armed personnel in our country. Surely Indians got habituated to this round the clock money machines.
Slowly, the cases of theft started giving way to inconvenience and insecurities of carrying cash all the time. Banking had been made easier for people but with fraudulent activities and looting becoming a common practice, ATM fad started decreasing. Although, the digital wave swept the popularity of this machine and replaced it with digital instruments like digital wallets, UPI & payment gateways for transactions; but, there are still a lot of Grocery shops, pan shops, tea stalls etc. who only accept hard cash. There are areas where the network is seldom good and such stores also accept only cash which accounts to a good percentage in India. Even while touring within India, tourists frequently encounter such conditions where only hard cash is accepted. Since we usually don’t carry much cash nowadays it becomes important that ATMs exists for our anytime – anywhere cash requirements.
With visibly deserted ATMs & increasing fraudulent cases associated with ATMs it is always recommended not to use your bank’s debit cards. So how does one solve this problem? One way is to use digital payment instruments but when there is a pressing need to use hard cash, Prepaid cards with a virtual digital account like OBOPAY card comes to rescue. It lets you avoid the risk of using your primary card in such a volatile network but at the same time provides access to cash whenever needed. To know more contact us : https://www.obopay.com/contact-2-2/