Mobile ATM for Developing Countries

Abstract

Society bene ts from M-Commerce applications to a greater extent. The most attractive bene t of M-Commerce applications is the mobility. Even though users have a poor computer literacy, they will be able to use the M-Commerce applications easily. Additionally, the M- Commerce applications have the potential of reducing the distance barriers. In developing countries, especially in rural areas, accessing nancial and banking services is a critical issue. This thesis proposes a system called Mobile-ATM to address this problem by incorporating the mobile technology. Also it discusses the limitations of traditional ATM systems, the need of a new M-Commerce application to overcome the limitations and security related issues. In the proposed solution, people can withdraw money from a Mobile-ATM without going to a traditional ATM. The Mobile-ATM system uses even cheap mobile phones, functioning as payment terminals. It will reduce the limitations of traditional ATM and enables con dential and secured ATM transactions.