You Can Now Withdraw Cash From An ATM Via UPI

The UPI ATM represents a significant milestone in the nation's ongoing quest for a cashless economy and financial empowerment for all.

The Unveiling

[{"selector":"#anim-ea45dc91-3d92-4c6b-83a6-039f81c647e9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dfd2862b-2fca-4d3e-ad60-d7aabdf37033","keyframes":{"transform":["translate3d(-116.88312%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] At the Global Fintech Fest in Mumbai, a groundbreaking UPI ATM was unveiled, eliminating the need for physical ATM cards. At the Global Fintech Fest in Mumbai, a groundbreaking UPI ATM was unveiled, eliminating the need for physical ATM cards.

The Development

[{"selector":"#anim-52189ae3-bb5c-4cb8-8394-87c75f473cfe","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8240a196-0bd9-4292-9f12-a2d50103f445","keyframes":{"transform":["translate3d(-121.10727%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The UPI ATM was developed by the National Payments Corporation of India in collaboration with NCR Corporation. The UPI ATM was developed by the National Payments Corporation of India in collaboration with NCR Corporation.

A Demonstration

[{"selector":"#anim-84036fa1-e201-4aa3-8b28-a401d9f7dfb0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-08e783cb-29d9-4ac2-9f66-a04dbfeecadf","keyframes":{"transform":["translate3d(-114.8265%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] A video shared by Union Minister Piyush Goyal demonstrated how to withdraw cash from the UPI ATM using a QR code and UPI PIN. A video shared by Union Minister Piyush Goyal demonstrated how to withdraw cash from the UPI ATM using a QR code and UPI PIN.

How It Works

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Compatible Apps

[{"selector":"#anim-8e2fc834-2588-46f9-a175-87056ccda931","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-870f50ce-3ea3-4b36-b3ba-1e8bb3a422cd","keyframes":{"transform":["translate3d(-115.60509%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Initially, the UPI ATM is supported on the BHIM UPI app but will soon be available on other apps like Google Pay, PhonePe, and Paytm. Initially, the UPI ATM is supported on the BHIM UPI app but will soon be available on other apps like Google Pay, PhonePe, and Paytm.

A Step Forwards

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Streamlined Process

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The Future of Fintech

[{"selector":"#anim-c315b0f8-54f9-4eb7-a975-84d842a3c313","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-35a88289-02f9-4119-8561-64135772cd4b","keyframes":{"transform":["translate3d(-113.14984%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] As many embrace UPI-based transactions and the convenience of cardless cash withdrawals, the future of fintech in India appears promising. As many embrace UPI-based transactions and the convenience of cardless cash withdrawals, the future of fintech in India appears promising.

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