Askari Bank has launched Cardless Cash Withdrawal for the first time in Pakistan in association with its technology partner, TPS.
The announcement was made last month and Askari Bank has launched it now. Customers can conveniently withdraw cash from any ATM of the country without a debit card. Customers just need to login to their Mobile Wallet to generate a unique voucher code which will be sent to them through SMS. Customers can redeem voucher at any Askari bank ATM across the country. Asim Bashir, Country Head Branchless Banking, Askari Bank Limited, said,
“We are excited to work with TPS to introduce Cardless Cash Withdrawal in Pakistan. Askari Bank continues to focus on improving customer experience and providing greater convenience by continuing to introduce new and innovative products. Cardless Cash Withdrawal service gives customers easy, secure access to withdraw cash from all Askari Bank ATMs without any card.”
“Cardless Cash Withdrawal is already widely used in international markets and provides customers a secure and easy way to withdraw cash from ATMs. We are proud to be a part of Askari Bank’s digital transformation journey to provide the safest and best experience to the bank’s loyal customers,” said Shahzad Shahid, CEO, TPS.
TPS is a leading provider of cards and payment solutions. TPS offers technical and business expertise in the area of card management, prepaid cards, multi-channel issuing and acquiring, payment processing, alternate delivery channel management etc. TPS’ design eliminates the need to carry cards all the time and it also minimizes the card skimming risk.
Cardless Cash Withdrawal feature is available on Askari Android app, as well as Askari Lite Mobile Banking. The service is available 24/7. To make it more secure, users are offered 3-factor security. Maximum withdrawal transaction limit per day is up to Rs. 10,000.