UPI ATM cardless cash withdrawal machine has been made in collaboration with Union Bank of India and NPCI. It was showcased for the first time at the Global Fintech Fest.
There is good news for those making UPI payments. Now UPI ATM withdrawal machine has been showcased for the first time in the Global Fintech Fest. UPI ATM cardless cash withdrawal machine has been made in collaboration with Union Bank of India and NPCI.
You can do so many transactions at once
For the first time, cash withdrawal transaction has been done through QR Code. About 700 machines are live as a pilot project. You can withdraw up to 10000 in a single transaction. Soon this machine will be live in the whole country. Along with Union Bank of India, some other selected banks are joining to provide this service.
How to withdraw cash
- Go to the machine and select your amount.
- Scan UPI QR Code through mobile application
- Enter UPI PIN and wait
- Your cash will come out of the machine.
- And your transaction will be completed.
