India’s first UPI ATM: How will it be different from cardless cash withdrawals.
Delhi: On Tuesday, Hitachi Payment Services, in partnership with the National Payments Corporation of India (NPCI), introduced India’s inaugural UPI-ATM as a White Label ATM (WLA). This innovation aims to provide a convenient cash withdrawal solution, eliminating the necessity of carrying physical ATM cards. It offers customers from specific banks the opportunity to make cashless withdrawals through QR codes, delivering a seamless experience.
National Payments Corporation of India (NPCI), said, “We are delighted to empower customers with this innovative and customer-friendly enhancement for ATM transactions. The launch of the ‘UPI ATM,’ will mark a significant milestone in banking services by seamlessly integrating the convenience and security of UPI into traditional ATMs. This innovative concept is designed to provide quick access to cash even in remote areas of India without the need for a physical card. “
Steps to withdraw cash from India’s first UPI ATM
-Select the desired withdrawal amount.
-The UPI QR code corresponding to the selected amount will be displayed.
-Scan the QR code using your UPI app.
-Enter your UPI PIN to authorize the transaction.
-Collect your cash.
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