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Franchise trends 2018-04-03

ATM franchising is an opportunity for people to fetch additional income: KR Bijimon

In conversation with KR Bijimon, Chief General Manager, Muthoot Finance, who talks about the future of ATM franchising.

By Feature writer
ATM franchising is an opportunity for people to fetch additional income: KR Bijimon

With commercial real estate proving to be a more lucrative investment than residential property because of the higher rate of return, ATM franchising is soon gripping owners who want to rent out their space to a white-label ATM provider. In a brief interaction with Franchise India, KR Bijimon, Chief General Manager, Muthoot Finance, discusses the perks and future of this surfacing business.

What is the size of your industry?
The market size of the Indian ATM Industry by number of ATM terminals is around 2,37,000 as of Nov 2017 comprising of deployments by Direct Member Banks, Sub Members, RRBs and White Label ATM operators with direct Member Bank based installations constituting a majority share (around 90%).

Tell us the USP of ATM franchising industry and what is favouring its market growth?
ATM franchising is an opportunity for people to fetch additional income with minimal or no efforts. The USP of this model lies in the fact that since the franchisee remuneration is based on the transactions at the ATM, the franchisee is always enthusiastic by the idea of better returns with the increase in transactions as opposed to fixed rental in the traditional model. For ATM operators, a sense of ownership that gets infused in the franchisee with the very nature of the model leading to a better performance, makes the model a win-win.

How do you see the industry in the coming years?
With cash still being the king for Indian consumers given it being the most preferred payment method, the industry as a whole shall keep up the momentum. With the increasing thrust on digital payments, ATMs shall gradually evolve from pure cash dispensing machines to multifunctional terminals capable of supporting a gamut of value added services like interoperable cash deposits, card-less withdrawals, bill payments, financial instruments like pre-approved loans and credit cards, insurance etc.

Franchise Facts
Area Required - 30-40 Sq. ft (Shop in Shop); Around 60-80 Sq. ft (Counter ATM)
Expected Breakeven - 100 plus transactions on a daily basis

Comment
Harkawalpreet : 04, Apr 2018 at 09:38 AM
I have very good location for atm set up...kindly contact me
SANTU DULEY : 04, Apr 2018 at 01:17 PM
I am interested to set up for ATM in my home ground floor. How to contact. Any help 9475721127
Pooja : 04, Apr 2018 at 04:22 PM
I have very good location and market place for ATM
Neha Bhavsar : 04, Apr 2018 at 04:31 PM
Give me details
Sanjoy sur : 04, Apr 2018 at 05:32 PM
I have 2shop in barrackpore.near about 200 sqft.i want ATM franchise.pls.give me all in information
ramesh : 04, Apr 2018 at 07:11 PM
9841459192 call me i had a place
Sunil : 05, Apr 2018 at 04:25 AM
I want to know details of this business
Sundeep : 05, Apr 2018 at 11:42 AM
I have place for atm
Atin Chaudhary : 05, Apr 2018 at 11:28 PM
I have a space but i want to know more. Please call me on 9810422722.
Antony : 08, Apr 2018 at 07:37 PM
Intrested in
Ikram khan : 08, Apr 2018 at 10:47 PM
I have a real estate company we provide space to all type of ATM space up n uttranchal Estate
Shadab Salam : 09, Apr 2018 at 12:55 AM
Details regarding ATM franchise
D D Pachori : 09, Apr 2018 at 01:49 AM
Want to know more
Vivek Ghai : 09, Apr 2018 at 09:34 AM
I'm interested in ATM Franchise
SUDARSANAN R : 12, Jun 2018 at 08:30 AM
Please inform the details
Franchise India : 12, Jun 2018 at 10:40 AM
Thank you for your interest. Our team will get back to you soon.
Sugrim Kanojiya : 21, Sep 2018 at 03:06 PM
Siddharth nagar uttar Pradesh pincode 272153 Basti jila uttar Pradesh ATM franchise master 6386350975 7219199336
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