ATMs in India are Testing Smartphone-based Touchless Cash Withdrawals

As we learn to live with the Coronavirus lockdowns and quarantines, there are a number of issues to stay cautious about. We have to put on masks in public locations, apply social distancing, and try to avoid coming in contact with random surfaces. That means utilizing ATMs generally is a big concern. However, banks are determining methods to permit users to withdraw their money without coming in physical contact with the ATM machine.

AGS Transact Technologies Limited is reportedly testing the new alternative with banks. The good part is that banks don’t want to exchange their current ATM machines to make use of the touchless alternative. Instead, all they should do is push a software program to update their existing ATMs.

This will show up a QR code on the screen, which the consumer can scan on their bank’s official app to authenticate and authorize the withdrawal. Users can then enter the required amount into their smartphone and acquire the money from the ATM machine. It does sound like a good suggestion, and banks have begun testing it out already.

Speaking of the technology, AGS Transaction Technologies CEO Ravi Goyal is quoted as saying.

“With minimum investment, the banks can enable this solution for their ATM networks by upgrading the existing software. We are confident that this solution will resonate with Banks & customers alike”