How to Withdraw Cash from ATM Without Debit Card via UPI 2.0 (SBI, ICICI, HDFC, PNB) – बिना डेबिट कार्ड के एटीएम से पैसे निकालना
An innovative step has been taken by AGS Transact Technologies to develop a new mobile application. With the help of the application, users will be able to withdraw money with the help of UPI or Unified Payment Interface. It goes without saying that by the introduction of this interface, the cash withdrawal can be made easily without the use of debit cards at the ATM corners. By the help of UPI 2.0, the transactions will be carried out based on the QR code method of payment. This method does not involve the use of any pin. Here, the new application launched will be used for scanning purpose, and it is considered way safer the physical use of the debit cards or any pin. This has made the method of withdrawing cash an easy affair with the launch of UPI 2.0 application.
|Subject||Cash Withdrawal from ATM Without Debit Card|
|Technology name||UPI 2.0|
|Mobile platform||Android and Ios|
|Agency name||AGS Transact Technologies|
|When it will start||2019|
UPI Based Cash Withdrawal from ATM – Working
Details of UPI based cash withdrawal from ATMs are detailed further.
- First, users have to visit the ATM.
- Secondly, the user has to open the mobile application and scan the QR code displayed on the ATM machine.
- Soon the cash can be withdrawn from the machine without inserting the ATM card.
- The money will be transferred directly from the linked bank account after scanning the QR code to the bank ATM that you are using.
For this new method of money withdrawal that does not involve the use of the ATM card, the banks do not need to change their software and hardware setup. Only little modification in the ATM system is enough to enable and use this easy UPI based cash transfer method.
UPI 2.0 – Withdraw Cash From ATM without using Debit Card
The new application has been launched by AGS Transact Technologies for the ease of money transfer. The UPI 2.0 method of money transfer enables the developers of the application to make use of QR code that can be incorporated into the use of the application. For using this QR based on money transfer, users need not have to apply for any new account. The existing bank account will be enough to make the money transfer. The prerequisite is to download the application that will help to scan the QR code displayed on the ATM machine.
UPI Based Money Withdrawal from ATM – Safe or Not
To make money transfer a seamless and safe affair, the UPI has been an excellent development. NPCI is trying to make this experience of money transfer a better one for the users. AGS Transact Technologies work in collaboration with the ATM services of different banks.
The QR code based money withdrawal method has been launched in October. It can be expected that this new method of cash transfer will become an easy one for the users in the next financial year.