Using an ATM is pretty straightforward for most of us. But that might not be the case with people who are illiterate/semi-literate. It makes it a lot harder for such people to use the machine, but a new machine is looking to change all that.
As banks look to expand to rural areas in the developing world, universal literacy cant be assumed, so an ATM machine is required that doesn’t need people to be able to read. NRC Corp’s machine fits the bill. It identifies people using a biometric fingerprint scanner and then allows them to choose the amount that they would like with suitable pictures on the screen. This makes it easier for a illiterate person to withdraw money and removes the barriers that they face with traditional ATMs.
At the moment, the machines are being tested in the US, but the company hopes that it passes the tests soon before being installed in rural areas of India and China.