Banking · Digital Banking Infrastructure
In a remote hilly area with intermittent mobile connectivity, a Business Correspondent (BC) manages transactions for villagers. Which technological and administrative solution best ensures transaction safety and customer trust in such a shadow connectivity area?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Requiring the BC to install a satellite connection and charging customers a connectivity fee per transaction.
- 2Canceling BC operations and requiring villagers to travel to the nearest brick-and-mortar branch.
- 3Deploying an offline-enabled Micro-ATM that issues instant printed receipts and stores transaction data securely until synced with the Core Banking System (CBS).✓
- 4Issuing hand-written paper receipts to villagers based on personal trust.
Correct answer
Deploying an offline-enabled Micro-ATM that issues instant printed receipts and stores transaction data securely until synced with the Core Banking System (CBS).
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