World’s Greenest ATM Brings Cash to Remote India

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June 27 (Bloomberg) -- Frank Natoli, chief innovation officer at Diebold, talks with Olivia Sterns about the green solution that brought ATMs to remote villages in India and how the technology can work throughout emerging markets. He speaks on “The Pulse.” (Source: Bloomberg)

Government of india wanted to bring financial inclusion to more people.

There are 650,000 villages in india and only about 500 have bank branches.

If you want to get people involved in the financial system, an atm is a natural tool to do that.

Unfortunately, the buyer meant is in-house -- the environment is inhospitable.

Power goes out very frequently.

There is an average of 100 power outages a week.

Almost a third of the time, there is no electricity.

What we did was come up with a power supply and architecture that allows the atm to run on battery power.

It can run off the grid.

These are standalone atm's/ . this can be standalone in a remote village.

The technology is designed to overcome the lack of infrastructure.

How does it compare to regular atm's, how much do you sell them for?

What are the margins like?

It is a very competitive unit in terms of price.

The indian market, cost is about everything.

We would apply 55,000 to 75,000 a year.

To do that over two or three years, that is a big bill.

We are being very cautious about the price point.

We looked at the power architecture specifically to reduce expense.

There is a common voltage architecture.

It simplifies the power supply, lowers the power load.

It also allows us to build a unit without fans for cooling because we pay a lot of attention to heat management.

Are there any new security concerns with a different power system?

No, we still use the same encryption throughout the interior of the atm.

It still has full ability for alarming and so forth.

What are your expansion plans?

Is it technology that you could apply to rural hospitals?


Throughout southern asia, there is all sorts of problems with power.

This can be deployed to bring financial inclusion so that all people can conduct the financial transactions they need to.

Of course, power efficiency is a concern for all of us.

If half the world's atm's had the same power supply, we could save nearly a billion kilowatt hours of energy every year.

Frank, thank you very much for joining us.

Still to come, a second hour of "the pulse."

This text has been automatically generated. It may not be 100% accurate.


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