Small Steps to Financial Freedom

Cardless ATM cash withdrawal using smartphone…

By on Jun 19, 2014 | 0 comments

“Consumers in the UAE are embracing the banking-on-the-go concept – and it won’t be long before cardless ATMs are introduced here”

 

Mashreq Bank ATMAref Al Ramli, head of Electronic business and innovation made this prediction in June 2012, during an interview for www.thenational.ae.

This prediction more likely to be true shortly, as  Mashreq Bank is set to introduce Card-less ATM withdrawals using a smartphone.

This innovation by Mashreq Bank, adds to its reputation of being the one of the most innovative banks in the middle east region.

This facility was lauched in Saudi by NCB in 2012, and had posted the following video on Youtube, to reach out to its users to show them how to use the cardless atm withdrawal facility.

Banks in India like Indus Ind Bank and Axis Bank are also providing  cardless ATM withdrawal facilities through leading telecom operators and mobile payment service providers.

Many mobile phone users are increasingly realizing that the instrument in their hands can do much more than just connecting them to their family and friends.

 

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