Airtel Payments Bank enables card-less withdrawal at ATMs
Thursday - September 6, 2018 6:26 pm ,
Category : BUSINESS
Airtel Payments Bank enables card-less withdrawal at ATMs
New Delhi Sep 6 (IANS) Airtel Payments Bank customers would be able to withdraw cash at over lakh ATMs across the country without using the debit or credit card the bank said in a statement.
The customers would be able to withdraw cash through mobile phone using USSD a communication technology and the "MyAirtel" app it said on Thursday adding that currently the service is available at around 20 000 ATMs and it would be extended to over one lakh ATMs by the end of 2018.
Airtel Payments Bank has tied up with cloud-based payment solution provider Empays for the service it said. The bank would use Empays cardless technology Instant Money Transfer (IMT) to provide the cardless withdrawal service.
"The customers can generate a cash withdrawal request which can be used for withdrawal at any of the IMT-enabled ATMs. As an introductory offer Airtel Payments Bank has waived off Rs 25 transaction fee for the first two self-withdrawals " the statement said.
--IANS rrb/anp/sed
The customers would be able to withdraw cash through mobile phone using USSD a communication technology and the "MyAirtel" app it said on Thursday adding that currently the service is available at around 20 000 ATMs and it would be extended to over one lakh ATMs by the end of 2018.
Airtel Payments Bank has tied up with cloud-based payment solution provider Empays for the service it said. The bank would use Empays cardless technology Instant Money Transfer (IMT) to provide the cardless withdrawal service.
"The customers can generate a cash withdrawal request which can be used for withdrawal at any of the IMT-enabled ATMs. As an introductory offer Airtel Payments Bank has waived off Rs 25 transaction fee for the first two self-withdrawals " the statement said.
--IANS rrb/anp/sed
