UPI ATM Launched: India is making steady progress. The country is developing with new technology. Let us tell you that India's first UPI ATM was launched yesterday which has been launched as White Label ATM (WLA) by Hitachi Payment Services in collaboration with National Payments Corporation of India (NPCI). Through this, now you will be able to withdraw cash without any hassle.

Enjoy QR-based cashless withdrawals

Through this you will experience like the customers of some banks enjoy 'QR-based cashless withdrawals'. According to a report by Live Mint, National Payments Corporation of India (NPCI) has said. We are delighted to empower customers with this innovative and customer-friendly enhancement to ATM transactions. The launch of ‘UPI ATM’ is going to be an important in banking services by combining the service and security of UPI in traditional ATM.

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Can withdraw cash from any ATM

This new facility is designed to provide fast access to cash without the need for physical cards, even in remote areas of India. The UPI ATM service is called Inter Operable Cardless Cash Withdrawal (ICCW). It is a convenient medium for the customers of the banks. Who can withdraw cash from any ATM using UPI. In this you will not even need any physical card.

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This is how you can withdraw cash from UPI ATM

• To withdraw money from UPI ATM, first you have to select the amount you want to withdraw.
• The amount you have selected. The UPI QR code associated with it will be displayed in front of you.
• To scan the QR code, you will have to use your UPI app.
• You will need to enter your UPI PIN to confirm the transaction.
• In this way your cash will come out.

Superfast News Coverage By YuvaPatrkaar.com Team

Publish Date: September 7, 2023

Posted By Rahul Bhardwaj

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