Standard Chartered Bank India on July 28 announced its first mobile ATM in Mumbai. The machine is mounted on the back of a small truck and enables consumers to perform banking operations, including cash withdrawals, funds transfers, statement requests, mobile and online banking registration, and prepaid mobile top-up services.
The ATM does not accept deposits electronically, but it comes equipped with a check drop box and a phone-banking facility, a spokesperson for the bank tells PaymentsSource.
Standard Chartered is planning to launch a second mobile ATM within the next six to nine months, either in Mumbai or New Delhi.
The bank started the Mobile ATMs to cater to areas that may not have regular ATMs or where the machines become inaccessible because of the heavy rains during monsoons.
The bank operates 20 ATMs in the Mimbai. The bank declined to say how much the new mobile ATMs cost.
Standard Chartered also recently launched 50 Express Banking centers in Mumbai and Delhi. The centers have ATMs, an electronic check-deposit box and a phone-banking kiosk.
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