APN News

  • Friday, April, 2024| Today's Market | Current Time: 10:20:42
  • RBI announces Card less Cash Withdrawal at all bank branches and ATMs using UPI – Views of Dilip Modi, Founder, Spice Money

    Published on April 9, 2022

    “The apex bank of India has today announced that card less ATM withdrawals will be made available across all bank ATMs. Although some banks have ATMs which allow these transactions, RBI governor Mr. Shaktikanta Das has announced this facility will now be available across all bank ATMs, and will be using the Unified Payments Interface (UPI) platform for the disbursal of cash.

    While the pandemic did act as a catalyst, digital transactions in our country have risen exponentially over the last few years because of increasing internet and smartphone penetration as well.

    We consider ourselves to be fortunate to have been at the forefront of this change, and  we understand that with this initiative, soon all users will have greater freedom to withdraw money at their own convenience, without being restricted by a physical ATM card. We welcome this announcement of making card less withdrawals available across all ATMs and believe that it will help us take another significant step towards creating an economy that is truly digital.”

    SEE COMMENTS

    Leave a Reply