There is money coming in: How cash recyclers are set to get a big leg up

Going ahead, a customer can take a wad of notes to a CRM and use UPI to activate the process of depositing it rather than insert their debit card into the slot

Mint Road’s move to facilitate cash deposits through the Unified Payments Interface (UPI) will give a big fillip to cash-recycling machines (CRMs). Unlike the ubiquitous automated teller machines (ATMs), a CRM is an upscale variant: It dispenses cash and accepts deposits (cash). According to Stanley Johnson, executive director, AGS Transact Technologies, “CRMs enhance security, are more convenient, and at the same time, provide a faster way of depositing cash”.

Going ahead, a customer can take a wad of notes to a CRM and use UPI to activate the process of depositing it rather than insert their debit card into the