“It is very simple and easy. For buying a gold coin, it really saves your time and there is no need to go to the store to buy a simple gold coin. It’s just on your finger tip, it is very easy,” said Monica, a customer. It gives a customer multiple options to pay the amount. The user can either pay by cash or by credit or debit card. One can get gold coins weighing from one gram to 20 grams at market rates. While delivering gold coins, the machine delivers you a certificate of purity and genuineness.
“We have all kinds of denomination which normally a consumer looks. Coins ranging from 1 gram to 20 grams are available at this ATM and prices are very competitive, pretty much in sync with what gold prices are right now,” Chief Operating Officer of BlueStone Arvind Singhal said.
Company representatives are satisfied with the response and are hopeful that these machines can be set up in other cities, given the success of this experiment in Bengaluru.
Credits Business Standard