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NCR Corporation, a firm that is responsible for making automated teller machines aka ATMs, has launched a UPI-enabled interoperable cardless cash withdrawing system in India. The company in partnership with the National Payments Corporation of India (NPCI) and City Union Bank has launched this facility. Also Read - Top 5 UPI apps you can use to transfer money in India: GPay, Paytm, more
This technology will enable users to withdraw money from an ATM without the need for a physical debit or credit card. The City Union Bank said that around 1,500 of its ATMs across the country already support this technology. Also Read - Google Pay, PhonePe and other third-party UPI apps to face 30 percent caps on all transactions