Pakistan’s first ever Cardless Cash Withdrawals has been launched by Askari Bank. To bring it about Askari Bank partnered with TPS. With this service, Askari Bank’s customers can withdraw cash without any ATM card. The service is available at all Askari Bank ATMs across Pakistan.
All customers need to do is to login to their Mobile Wallet to generate a voucher. A unique voucher code (One Time Password) is instantly sent to customers via a text message on their registered mobile number. Customers can redeem the voucher at all Askari Bank ATMs across Pakistan, without any ATM card.
Using its domain expertise and years of experience in the payments industry, TPS designed a solution that not only saves the customers from the need to carry their cards all the time but also helps mitigate the risk of card skimmers and shoulder surfing. The service will enable the bank to drive traffic to its digital channels as customers will be relying on the bank’s mobile banking platforms to generate cardless cash transaction.
Source: https://www.nfcworld.com/2016/12/07/348892/pakistan-bank-offers-mobile-atm-cash-withdrawals/