Interswitch Transnational has announced that its Quickteller platform now supports card-less ATM withdrawals. According to the company, mobile money users can now withdraw cash from their mobile money accounts or “cash out” funds transferred to them, through ATM machines that are supporting the service across Nigeria supported ATMs across the country.
In a statement made available to Innovation Village, Interswitch said the new service will address the challenges of mobile money adoption such as insufficient cash out locations thus enabling those without bank accounts and bank cards have easier, more convenient and safer access to cash withdrawal.
This service supports transactions between the range of N1,000.00 – N20,000.00 in multiples of N1,000. The user receives a 12-digit code and a 4-digit PIN that can be used for safe withdrawals across Quickteller-supported ATMs nationwide.
Quickteller card-less ATM withdrawal service has been adopted by Pagatech, GTBank Mobile Money, Parkway, Cellulant and QikQik.
This service is currently available at over 6,000 ATMs on the networks of the following banks; First Bank, GTBank, Stanbic Bank, United Bank for Africa and Zenith Bank.
Titilola Shogaolu, chief payment and VAS officer at Interswitch Nigeria, said: “As part of our drive to deliver evident financial inclusion across the Nigerian populace, Interswitch’s Quickteller platform is proud to power the cardless ATM withdrawal service.
“Quickteller is a robust platform designed with a clear focus on the customer providing simplicity, convenience and security. Quickteller is also a platform that enables industry stakeholders provide differentiated services. The cardless ATM withdrawal service is one of those services where the infrastructure can be customized to MMOs to fulfill bespoke business needs.
“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.”