ETV Bharat / Upi For Cardless Atm Transactions

Upi For Cardless Atm Transactions

It is now proposed to make card-less cash withdrawal facility available across all banks and ATM networks using the UPI. In addition to enhancing ease of transactions, the absence of the need for physical card for such transactions would help prevent frauds such as card skimming, card cloning, etc, says RBI Governor Shaktikanta Das, while announcing bi-monthly monetary policy review.

RBI: Cardless cash withdrawal facility across all bank ATMs soon, measure to end card skimming and cloning

Apr 8, 2022

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