UPI ATM in India: NPCI (Nationwide Funds Company of India) in partnership with Hitachi Fee Companies showcased what’s being dubbed as India’s first UPI ATM on the World Fintech Fest (GFF) 2023. The UPI ATM makes use of supported UPI apps, equivalent to BHIM UPI, Google Pay, PhonePe, and BHIM SBI Pay to call a number of, to make money withdrawals as a substitute of the traditional debit and bank cards. Because of this customers don’t want to hold any bodily playing cards to make withdrawals utilizing this methodology. All they want is their smartphones with the UPI app of their option to get bodily money.
As UPI ATMs turn out to be extra widespread, right here is a straightforward information that may provide help to use and withdraw money from a UPI ATM.
UPI ATM: The way forward for fintech is right here! 💪🇮🇳 pic.twitter.com/el9ioH3PNP
— Piyush Goyal (@PiyushGoyal) September 7, 2023
Methods to use UPI ATM to withdraw cash
Here’s a step-by-step information that may provide help to withdraw money utilizing a UPI ATM:
Step 1: Faucet the UPI Cardless Money possibility that can be displayed on the backside of the display of the UPI ATM.
Step 2: Subsequent, choose the quantity that you simply wish to withdraw. You may choose from a complete of 5 choices — Rs 100, Rs 500, Rs 1,000, Rs 2,000 and Rs 5,000.
Step 3: Subsequent, you will notice a QR code on the display of the UPI ATM. When you do, open the UPI app, equivalent to BHIM UPI, that you’re utilizing and log into it.
Step 4: Now, go to the scan possibility and scan the QR code that’s being show on the display of the UPI ATM.
Step 5: Within the UPI app that you’re utilizing, choose the checking account from which you wish to make the withdrawal after which faucet the Affirm button.
Step 6: Now you will notice a pop-up that may present you all the main points concerning the transaction. It can additionally present you that you’re withdrawing money. Faucet the Proceed button.
Step 7: Now, add your PIN code on your chosen checking account in your UPI app after which faucet the OK button.
When you do that, your transaction can be processed. As soon as your transaction is profitable, you’re going to get a message in your UPI app and the UPI ATM will disburse the quantity that you simply requested.
