Bank of Baroda Facilitates UPI ATM facility at over 6,000 ATMs across the country
The Bank’s UPI ATM was showcased at the Global Fintech Fest 2023 that took place in Mumbai from 5th to 7th September 2023. Using the Interoperable Cardless Cash Withdrawal (ICCW) technology, which facilitates cardless cash withdrawals through ATMs, the UPI ATM enables seamless QR-based cash withdrawals, doing away with the need to carry a Card to withdraw cash.
Shri Joydeep Dutta Roy, Executive Director, Bank of Baroda said, “We are witnessing a dramatic digital transformation in India with people across the spectrum eager to embrace new technologies that makes banking even more effortless, quick and safe. At Bank of Baroda, we are pleased to go live with over 6,000 UPI ATMs. The UPI ATM facility is a convenient and secure way for people to withdraw cash without the use of a card. The UPI ATM marries the popularity & security of UPI with the extensive reach & availability of ATMs.”
Some of the major benefits of the UPI ATM facility is that customers can withdraw cash from multiple accounts linked to UPI. UPI ATM transactions are also quicker, convenient, and secured as it generates a single-use dynamic QR code for every transaction and ensures a safe banking experience.