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India launches Cardless Cash Withdrawal

Categories : Cash covers a broad range of transactions, Cash is a public good, Cash is efficient
January 31, 2020
Tags : Access to cash, ATM, ATMs, India, Mobile
ICICI Bank of India has launched a cardless cash withdrawal service, where customers no longer require a payment card to withdraw cash from ATMs.
Communication Team / Equipo de Comunicación

This post is also available in: Spanish

ICICI Bank, India’s multinational banking and financial services company headquartered in Mumbai, launched last 21 January its ‘Cardless Cash Withdrawal’ service. Customers no longer need a payment card and will now be able to withdraw cash from the bank’s network of more than 15,000 ATMs using their mobile banking application, iMobile. According to the bank, Cardless Cash Withdrawal brings an advantageous, simple and safe alternative to withdrawing cash 24/7:

“ICICI Bank has been at the forefront of digital innovations since its inception. The offering of ‘Cardless Cash Withdrawal’ from iMobile enables our customers to withdraw cash securely and conveniently for everyday usage and purchases, all from the convenience of their mobile phone. We believe that this proposition of cash withdrawal from an ICICI Bank ATM without using a card offers a speedy and unique experience to our customers. We at ICICI Bank will continue to focus on innovations in technology at all channels and touch-points that will bring more convenience to the customers.” says Mr. Anup Bagchi, the bank’s Executive Director.

To use the application, customers would simply have to follow the steps below:

More information can be read here.

This post is also available in: Spanish