New Delhi: On Friday, the government-owned Bank of Baroda (BoB) stated that it had activated the UPI ATM facility at more than 6,000 ATMs nationwide.
At its more than 6,000 ATMs nationwide, the Bank of Baroda has implemented UPI ATM function, allowing QR-based cash withdrawals.
The National Payments Corporation of India (NPCI) and NCR Corporation worked together to launch UPI ATMs, making it the first public sector bank to do so, according to a statement from BoB.
Customers of Bank of Baroda UPI ATMs can make cash withdrawals without needing a debit card, as well as customers of all participating issuer banks using any mobile app that supports UPI, according to the company.
The UPI ATM allows for seamless QR-based cash withdrawals, eliminating the need to carry a Card to withdraw cash, the company claimed. It does this by utilising the Interoperable Cardless Cash Withdrawal (ICCW) technology, which provides cardless cash withdrawals through ATMs.
Customers of Bank of Baroda UPI ATMs can make cash withdrawals without needing a debit card, as well as customers of all participating issuer banks using any mobile app that supports UPI, according to the company.
The UPI ATM allows for seamless QR-based cash withdrawals, eliminating the need to carry a Card to withdraw cash, the company claimed. It does this by utilising the Interoperable Cardless Cash Withdrawal (ICCW) technology, which provides cardless cash withdrawals through ATMs.
