India
oi-Sushmita Halder
Now
one
may
ditch
the
traditional
method
of
using
ATM
card
for
withdrawing
money
from
the
ATM
card.
Hitachi
Payment
Services
recently,
in
association
with
the
National
Payments
Corporation
of
India
(NPCI)
introduces
India’s
first-ever
UPI
ATM.
The
system
enables
to
withdraw
money
from
the
ATM
through
UPI
ATM
i.e.
you
may
not
have
to
carry
ATM
card
with
yourself.
Here
are
the
following
steps
how
to
withdraw
money
using
UPI
ATM:
Step
1:
Click
on
‘UPI
Cardless
Cash’ on
the
UPI-ATM
screen
Step
2:
Choose
the
option
100,
500,
1,000,
2,000,
and
5,000
shown
on
the
screen
as
per
your
need.
Step
3:
A
QR
code
will
be
displayed.
Now,
open
your
UPI
app
like
GPay,
PhonePe
or
any
other
UPI
app
and
scan
the
code
and
approve
the
payment.
Step
4:
Now,
‘Confirm
To
Withdraw
Cash’
will
be
displayed.
Click
on
‘Proceed’.
Step
5:
Enter
your
UPI
PIN.
This
means
one
may
withdraw
cash
using
UPI
ATM
without
the
ATM
card.
In
other
words,
a
person
may
do
a
cardless
transaction.
Though
the
facility
is
currently
unavailable
to
the
general
public,
the
facility
will
commence
soon.
UPI
has
been
the
most
common
and
fastest-growing
payment
mode
in
the
country.
And
more
than
50
per
cent
of
the
people
use
digital
method
for
all
types
of
transaction.
According
to
the
NPCI,
the
launch
of
the
‘UPI
ATM’
will
make
a
remarkable
place
in
banking
services.
This
will
ease
the
process
of
ATM
transaction
without
the
use
of
cards
by
using
UPI
into
traditional
ATMs.
This
innovative
concept
is
designed
to
enable
fast
access
to
cash
especially
in
remote
areas
of
India
without
the
need
for
a
physical
card.
Story first published: Sunday, September 10, 2023, 9:42 [IST]
