RBL Bank has launched cardless cash withdrawal facility from ATMs, leveraging the Instant Money Transfer (IMT) system. The bank has tied-up with Empays Payment Systems, a global financial technology provider, to offer this service.
RBL Bank customers can withdraw cash without their debit cards from 389 IMT-enabled automated teller machines (ATMs) of the bank or more than 40,000 other bank ATMs across the country. To avail the service a customer has to log into RBL Bank's MoBank app to locate an ATM that supports the IMT function and initiate cash withdrawal by either using his or her mobile number linked to the account or by following a few easy steps on the app. The customer selects the IMT button on the mobile app, gets a code, and uses it to withdraw money from the ATM.
RBL Bank is one of India's fastest growing private sector banks with an expanding presence across the country.
