Banks in Nigeria Launch Card-Less ATM Withdrawals

Posted In Apps, Technology - By admin on Wednesday, January 29th, 2014 With No Comments »


Over 6,000 ATMs in Nigeria have introduced card-less ATM withdrawals allowing account owners to use Mobile money to withdraw cash from ATMs without the need for a bank account or bank card.

The card-less ATM withdrawals are acceptable by First Bank, GTBank, Stanbic Bank, United Bank for Africa and Zenith Bank and supports transactions between N1,000.00 – N20,000.00.

Powered by Interswitch Transnational’s Quickteller, the service aims at addressing challenges of mobile money adoption such as insufficient cash out locations thereby enabling those without bank accounts and bank cards have easier, more convenient and safer access to cash withdrawal.Frims at helping in the adoption of the card-less ATM withdrawal service include Pagatech, GTBank Mobile Money, Parkway, Cellulant and QikQik.

Speaking during the launch, Mrs Titilola Shogaolu, Chief Payment and Value Added Services Officer, Interswitch Nigeria, said the initiative is part of Interswitch Nigeria’s drive to deliver financial inclusion across the Nigerian populace.

“We firmly believe that Nigerians everywhere, with or without a bank account, deserve to have access to contemporary payment technologies designed to simplify financial access. We are optimistic that more MMOs will adopt the service by Q2, 2014. We are excited about the huge potential of this service and are glad that our infrastructure can be leveraged to deliver innovative services that will enable both individuals and corporate organizations achieve their goals,” she said.

- Techmoran

About -