Airtel Payments Bank has tied up with ‘Empays Payment Systems’ to enable card-less cash withdrawals at over 100,000 ATMs across India. The service will be available to both feature phone and smart phone customers through USSD and MyAirtel app.
“The tie up will enable Airtel Payments Bank’s savings account holders to withdraw cash using just their mobile phone through the card-less cash technology of Empays, called IMT (Instant Money Transfer). The technology can be used for self-withdrawal or for sending money to an intended recipient for ATM cash withdrawal,” noted Airtel in a press statement.
At the launch of this new service, it will currently be available for Airtel Payments Bank account holders at over 20,000 IMT enabled ATMs in India. The company aims to cover more than 100,000 ATMs by the end of 2018.
The feature of card-less cash withdrawal is accessible to all Airtel Payments Bank account holders through USSD code *400#, and through MyAirtel app. As an introductory offer, Airtel Payments Bank is not charging Rs 25 transaction fee for the first two self-withdrawals.
“We believe in digital India. We are making this a reality by providing innovative digital solutions that enhance banking. Our tie-up with Empays is an important step that enables our customers to realize digital, phone based cash withdrawals at over 100,000 ATMs, through either USSD or the MyAirtel App. We will accelerate such steps to make digital banking with Airtel Payments Bank simple and easy,” said Anubrata Biswas, Managing Director and Chief Executive Officer, Airtel Payments Bank.
Airtel Payments Bank was launched in January 2017, and it has presence in all 29 states.