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ATMs for everybody under the sun

Last week, the International Finance Corporation, a member of the World Bank, invested $2.7 million in a Chennai-based entrepreneur who builds solar-powered ATMs for rural areas. Think ATMs in villages with no electricity and happier rural folk

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Over the next few years, if you travel to the interiors of Maharashtra and other states in the country, you’re most likely to find yourself in a queue outside an ATM even in a village sans electricity. The automated voice in the ATM may surprise you by speaking in the local language — but that’s just the beginning. It will provide transaction receipts in the local language, too, all while running on solar power.


A solar ATM set up by Vortex Engineering in a village in south India.

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