Airtel Payments Bank Enables Card-less Cash Withdrawal At ATMs - GADGETS AND INNOVATIONS

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Thursday, September 6, 2018

Airtel Payments Bank Enables Card-less Cash Withdrawal At ATMs

 


-Ties-up with Empays to enable IMT(Instant Money Transfer) for its account holders

-Airtel Payments Bank customers can withdraw cash at over 100,000 ATMs without using a debit or credit card

-The service is available to both feature phone and smart phone customers through USSD and MyAirtel app.


Airtel Payment Bank, India’s first payments bank, today said that its customers can now make card-less cash withdrawals at over 100,000 ATMs across India.

For this, Airtel Payments Bank has tied up with Empays, a global provider of cloud based payment solutions. The tie up will enable Airtel Payments Bank’s savings account holders to withdraw cash using just their mobile phone through the card-less cash technology of Empays, called IMT (Instant Money Transfer). The technology can be used for self-withdrawal or for sending money to an intended recipient for ATM cash withdrawal.


IMT is the largest interoperable card-less cash ATM network in the world, built and run by Empays Payment Systems India Pvt Ltd. The facility is currently available for Airtel Payments Bank account holders at over 20,000 IMT enabled ATMs in India and will cover more than 100,000 ATMs by the end of this year.

IMT is accessible to all Airtel Payments Bank account holders through USSD (*400#) and MyAirtel app. 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.

Over 100,000 ATMs belonging to some of the largest banks in the country such as State Bank of India, Axis Bank and Punjab National Bank are linked to the IMT system for card-less cash withdrawals. The network is licensed by the Reserve Bank of India as a payment system and is the only one of its kind in the country.






New Delhi, September 6, 2018


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