Anand Mahindra shared a video of a unique ATM that works via UPI apps.
This ATM was unveiled at the recently held Global Fintech Fest in Mumbai.
Swift progress in digitisation
The Chairman of Mahindra Group wrote, “His UPI ATM was unveiled at the Global Fintech Fest 2023 in Mumbai on September 5. The speed at which India is digitising financial services & making them consumer-centric as opposed to corporate-centric (Alarm bell for credit card companies?) is simply dazzling. (I just have to make SURE I don’t misplace my cellphone!”.
Praveena Rai, chief operating officer of NPCI, said UPI-ATMs will help re-imagine ATMs and the ATM experience, cost, location, and reach.
White Label ATM
Hitachi Payment Services introduced the country’s first-ever UPI-ATM as a White Label ATM…
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