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AGS Transact Technologies, Mastercard partner to Introduce first-ever ‘contactless’ cash withdrawals on ATMs in India
Enabled through Masterpass & AGS QRCash, Mastercard cardholders can now withdraw cash from ATMs by just scanning a QR code using a smartphone. February 09, 2021 / 08:32 AM IST
AGS Transact Technologies (AGSTTL) has partnered with Mastercard to provide a pan India ‘contactless’ cash withdrawal experience at ATMs. In a first, Mastercard cardholders will be able to withdraw cash by scanning a QR code displayed on the ATM screen of all participating Banks. The partnership aims to provide a more secure banking experience to customers in India.
During these unprecedented times, there is a need for contact free cash withdrawal.
Updated Feb 09, 2021 | 16:05 IST
Enabled through Masterpass and AGS QRCash, Mastercard cardholders can now withdraw cash from ATMs by just scanning a QR code using a smartphone. Now, withdraw money without touching ATM in India. (Representational image) | Photo Credit: BCCL
New Delhi: As less contact becoming the norm in the wake of the Covid-19 pandemic, banks have deployed contactless ATMs. However, it was not completely contactless. Mastercard has partnered with AGS Transact Technologies to provide a pan India ‘contactless’ cash withdrawal experience at ATMs.
Mastercard cardholders will need to scan the quick response code (QR) on the ATM screen using the bank s mobile application. Enter the amount and PIN in the app, and the ATM will dispense the amount. AGS Transact Technologies will enable this ‘contactless’ QR-based cash withdrawals on all ATMs in its network in a phase-wise manner.