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OTC Payments - Micro ATM

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India

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17 Jun 2017 (8 Years)

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Last online: No recent activity


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1.67

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Security Information

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    What are the differences in regulations for each

    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Company Information

    Get to know OTC Payments - Micro ATM

    OTC Payments - Micro ATM is a mobile application that allows its user to withdraw cash from their bank or wallet account without visiting to a bank or atm. OTC Payments - Micro ATM accepts almost all bank's Debit Card, Credit Card, Netbanking, IMPS, UPI and Wallets such as Paytm which means more than 200 option to initiate a transaction and to withdraw the cash from the comfort of your doorstep. You can also check your bank account balance without sharing your bank account detail. You can directly transfer the cash to your family & friends as well by following few steps and in just few minutes. We are enabling financial inclusion in India, which aims to provide access to your banking freedom anywhere, anytime. We are focusing on to expand our services in rural & semi-urban India where we see that the service of ATMs are horrible, to say the least. There are many places in our country that do not have bank branches and ATMs. And if there are, then they are not functioning properly or have cash shortage or are out of service/order. OTC Payments - Micro ATM with its Blockchain Concept (Person2Person) is trying to help the citizen of India by providing access to their own money deposited into their accounts anytime and anywhere at a nominal cost as compared to the current Bank & ATM Charges.

    Industry

    • Financial BankingPRIMARY
    • Financial Other Service
    • Financial Payment

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