Mobile ATM

In many developing countries, particularly in rural areas, access to ATM services is enabled by M-ATM system with short time. As well as it enables more security regard to ATM transaction. Not only that M-ATM provide legally accepted evidence about the transactions. Without having any additional cost on the infrastructure, the existing mobile networks can be used to deploy this system. Since most of the people have knowledge to use mobile phones, customers can familiarize with the system easily. However system uses five mandatory SMS messages for a particular transaction. As well as commission must be paid to M-ATM agent. This commission should be paid by the customer. The cost of SMS messages can be distributed among the customer and bank. Anyway in bank point of view, it is economically advantage to pay for SMS messages instead of deploying traditional ATM machines. Finally we can conclude, this application would address a major service gap in developing countries that is critical to their social and economic development.