Oxigen Services, a non-bank payments solutions provider, plans to roll out at least 60,000 new micro-ATMs in the retail space in 2017-18, Pramod Saxena, its Chairman and Managing Director said.

“The 60,000 micro-ATMs that we are looking at is a conservative number,” Saxena told BusinessLine here.

Over the past few months, the firm deployed 10,000 Aadhaar-enabled micro-ATMs. On an average, each of these ATMs handles a monthly business of ₹3.5 lakh. Saxena sees this going up to ₹5 lakh in one year and ₹10 lakh in about two years.

The medium-term business goal is to reach a million micro-ATMs in the next three-four years.

Oxigen Services is looking at micro-finance units, oil marketing companies and utilities to expand its ATM deployment. Talks are also on with a public sector bank to provide wallet and micro-ATM solutions at mandis, Saxena added.

Meanwhile, Oxigen Services has entered into a memorandum of understanding (MoU) with Arunachal Pradesh’s Tourism Department to promote cashless transactions in the sector and help build the payments infrastructure.

The MoU was signed by Pramod Saxena on behalf of Oxigen Services and Joram Beda, Tourism Secretary, Arunachal Pradesh.

Saxena said the North-East was clearly an underpenetrated sector for banking.

In the next one year, the company wants to roll out 8,000-10,000 micro-ATMs across the North East, of which, 1,500-2,000 could be in Arunachal Pradesh, a senior company official said.