For the ATM terminal, each commercial bank shall include the terminal code in the transaction message of this generation, which includes the receiving organization code and the terminal code.

The card works by a radio-frequency detection method that requires the card only to be placed close to the merchant's terminal for the details of the transaction to be transferred and logged.

Under the scheme, a consumer would apply for a loan at a POS terminal or online to finance a purchase, get approved, receive an instantly generated loan ID, and use it to conclude the transaction.