ATM machines prices in Pakistan

An ATM has become an essential part of our lives. Whether we like it or not, we have to get these machines' help in our lives. Here, I have discussed the different ATM prices in Pakistan and further information about ATMs.

• What you will find in this article
• What are an ATM and its types?
• How much could an ATM cost in Pakistan?
• Should I buy an ATM?
• Conclusion

What are an ATM and its types?

Automated Teller Machines, more commonly known as ATMs, have become an essential part of our lives. They have made it much easier for us to withdraw our cash from our accounts; without them, we would have to wait in long lines to cash our checks, but thanks to these large machines, we only have to press some buttons and take the cash.

An ATM can last approximately seven years, and it may last longer but will need significant refurbishment. According to statistics, in 2016, there were about 9.8 ATMs for every one hundred thousand adults in Pakistan; the numbers in 2001 were 1.1 ATMs for every hundred thousand adults.

ATMs' prices can range from 200,000 Rupees to 2 million Rupees, and it depends on whether the machine is a new one or an old one. They also have to be safe, and their money capacity may vary from a few lacs of Rupees to millions of Rupees. This could also be a significant factor in the price difference.

Types of ATMs

Primarily, there are two types of ATMs. There is the basic one, and there is the more complex one. The basic one is the ATM, which is only used for withdrawing cash. For using the complex model of the ATM, the user must have an account with the bank that the ATM represents. The complex ones can accept deposits, transfer money, access account information, and facilitate line-of-credit payments.

Further, there are four more types of ATMs:

White Label ATMs: 

These are the ones that are set up, owned, and operated by non-bank entities.

Brown label ATMs: 

These are branded ATMs and are operated by banks.

Onsite ATMs: 

These are set up on the premises of a Bank branch in operation.

Offsite ATMs: 

These are standalone ATMs and do not have a bank branch in operation nearby.

How much could an ATM machine cost/price in Pakistan?

The ATM prices in Pakistan could range from two lacs to twenty lacs. The price difference could be caused by the ATM being old or a new one, and this could also be some security issues or the total cash holding capacity of the ATM.

Five ATM machines with prices that you could buy in Pakistan

ATM (Made in Pakistan)

This ATM is made according to international standards and is at an affordable cost and reliable. This ATM is Phoenix certified and has voice guidance and multimedia. With multi-language support, it supports ISO8583. It has a receipt printer and a journal printer as well, just the ATM you might be looking for if you want an ATM that is reliable and cost-effective.

Procash 2100xe ATM terminal

The perfect multi-functional ATM with an affordable price that you could get in Pakistan. It is a multi-functioning ATM and is ideal for indoor installations. It contains an optional passbook processing and a coin acceptance sidecar. It also has a barcode reader and intelligent cash &. It is also good with check deposits and envelope deposits.

Automated teller safes (ATS)

This is a safe but automatic one, and it is much safer than the normal one and has the feature of an ATM. This is a concept-based machine and can come in extremely handy for both bankers and retailers, especially while money exchanges. This is a great concept and can be very helpful in future money exchanges.

4. KL-2000D

This is an international ATM and is from the ODM company. It supports a card reader and NFC, and the cash mode on it is one by one. It is also a touchscreen and even has a camera. A perfect ATM any bank branch could ask for.

5. SL636

This ATM has a 19-inch screen and supports windows 7. The seller also offers a one-year warranty with the machine.

Should I buy an ATM?

An ATM is quite handy machinery when you run a large business. Your customers would not need to leave the premises of your company, to get some more cash. Plus, ATMs can give you back some profit as well. According to a business news daily report, businesses can actually.

Earn a commission from placing an ATM on their premises. An ATM can give back around $20,000 to $30,000 (3 million PKR to 5 million PKR)! All the more reasons to get an ATM to your business's premises.

ATM machines distributors in Pakistan

Various machine distributors in Karachi, Pakistan, at different locations.

Conclusion

ATMs have become an essential part of our lives with the growth in the banking systems' usage. More and more money is being placed in banks than in homes. The money from the banks can be taken from either checks or an ATM. ATMs are the best, as there is no need to wait for the teller to check the check for signatures, and you do not have to fill a check in the first place. ATM machines have become an essential part of the banking system. The ATM prices in Pakistan range from 2 lac to 2 Million Rupees. The money capacity in them and their quality decide this price.