Customisable self-service kiosks launched by city company

A function was held in the city earlier this day to launch the same at the hands of Dr C Rangarajan, former Governor, Reserve Bank of India with Prof Dr Bhaskar Ramamurthy, Director – IIT, Madras and Prof Dr V Kamakoti participating. Prominent bankers, captains of industry and academicians participated in the function. The Avatar Self-Service Terminals are scalable with changing business needs of the clients. They can be used by consumers to avail services in various industry segments - Banking, Hotel, Healthcare, Insurance, Merchants etc. in line with the ‘Digital India’ initiative of the Government of India launched by the PM Narendra Modi. 

These self-service terminals range from simple Information access terminals to sophisticated terminals that can perform a myriad of complex functions both financial and non-financial including but not limited to printing and dispensing of payment cards. These self-service terminals also have the capability of handling payment transactions for purchasing goods and services electronically. 

In keeping with the ‘Make in India’ initiative launched by the Prime Minister Narendra Modi, the product was designed and developed in India and will be manufactured completely in India. The product is the result of years of Research and Development activities by Yalamanchili in association with Indian Institute of Technology Madras (IITM), to design and indigenously develop a printed circuit board - Multi-Application Generalised Integrated Circuit (MAGIC) at IITM Research Park, Chennai. MAGIC, by its design and architecture, serves as the core electronic board in developing and offering various digital business solutions in the marketplace. MAGIC is designed around the widely used ARM processor and supports Linux Operating system.