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Wednesday, October 27, 2021

Now no card needed to withdraw money from ATM, launch withdrawal facility by scanning QR code

AGS Transact Technologies (AGSTTL), along with MasterCard, brings the facility of contactless cash withdrawal at ATMs.

During the Corona epidemic, many things have changed. In this case, the way to withdraw money from ATMs is also changing. Now you can withdraw money from the ATM without contact. QR codes will be used for this. Actually, AGS Transact Technologies (AGSTTL) together with MasterCard has brought the facility of contactless cash withdrawal at ATMs. The company said in a statement that MasterCard card holders will be able to withdraw cash by scanning the QR code displayed on the ATM screen of all participating banks. This agreement will give customers a more secure banking experience in India.

According to the statement, AGS Transact Technologies will roll out contactless QR-based cash withdrawal at all ATMs in its network in a phased manner. These QR based ATMs will help people to digitally locate the nearest ATM location. QR code will have to be schooned using the banking app on your mobile phone, from which the cash can be withdrawn.

This way you can withdraw money

This can be done in four easy steps at the nearest ATM. First of all, open the banking app. Then scan the QR code shown on the ATM screen. After this, insert mPIN and authorize withdrawal amount on the banking app. And finally, take cash from ATM. There is no need to insert physical debit / credit card or ATM PIN inside the ATM.

Customers of a bank can transact without iMobile Pay without sending UPI ID or accounts details

The bank said that this will reduce physical contact and it is an option to withdraw more money than regular cash withdrawal, especially in the COVID-19 era. According to the statement, with this agreement, MasterCard cardholders can access the ATMs of any participating bank and carry out three transactions without paying any additional charges.

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Nisha Chawlahttps://www.businesskhabar.com/
She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.
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