Now you can withdraw cash from ATM without pressing any button in the coronary, this is how you will work

Posted on 5th Jun 2020 12:48 pm by rohit kumar

New Delhi. In order to protect the customers from Coronavirus Pandemic, banks have been gearing up. Soon, many big banks of the country are now preparing to install a Contextless ATM Machine. According to media reports, AGS Transact Technologies, a company that works on ATM technology, has designed a new machine. In this, you will be able to remove the cache by scanning the QR code through your mobile app.


How will the cash come out without pressing the button - According to the news of English Times, The Times of India, the magnetic stripe is currently in the Atom card. They contain complete customer data. This ATM machine checks the data after entering the PIN number. After this, the customer is allowed to withdraw money.


Now banks are bringing contact equipped ATM machines. In these machines, the customer will not touch the ATM machine. Yes, customers can withdraw cash through their mobile phones without touching anything. For this, the QR code given on the ATM machine will have to be scanned, then the amount will have to be entered on your mobile and the cash will be released from the cash ATM.


Mahesh Patel (AGS Transact CTO) AGS Transaction CTO, giving information about the contact equipped ATM machine, told the Times of India that cash withdrawal through QR code (QR code-based withdrawal) is very safe and easy. Also, there will be no risk of cloning the card. He told that this is very fast service. Cash will be released in just 25 seconds.




Why banks took this decision - Physical distance and sanitization is very important in this era of corona virus. In the absence of adequate sanitization and awareness, there is a risk of spreading the infection through the ATM machine. In this case, the contactless ATM machine can prove to be very beneficial for the customers.

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