Are you one of those who are paranoid about using a debit card? Here’s how you can withdraw your money from an ATM without using a card. You just have to scan the QR Code through a UPI App and voila! Your cash is in hand.
NCR Corporation, a firm that makes ATMs has come up with this unique concept where people can withdraw money with a UPI-enabled interoperable cardless cash withdrawing
system in India, ZeeNews reported.
As per a report, the company has partnered with the National Payments Corporation of India (NPCI) and City Union Bank to launch this facility. More than 1,500 ATMs have been upgraded to this service and they are looking to upgrade more ATMs rapidly, the report added.
Here’s how it will work?
- Users will have to first open any UPI app (GPay, BHIM, Paytm, Phonepe, Amazon) on the smartphone and scan the QR code shown on the ATM screen.
- After that, users will be asked to enter the amount of money they have to withdraw and then press the button of Proceed.
- A 4 or 6-digit UPI PIN will be entered and then one can collect cash from the ATM. Initially, users can only withdraw Rs 5,000 at a time.