Empays partners with Mastercard to enable contactless ATM withdrawals

Cloud-based payment solutions provider, Empays Payment Systems India has partnered with Mastercard to launch contactless ATM solution in India due to COVID-19 pandemic. Under the partnership, Mastercard will help Empays to launch ‘Cardless ATM powered by Mastercard.

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The initiative will help users to digitally locate the nearest enabled ATM and initiate a withdrawal by following these 4 simple steps:

• Open banking app
• Scan QR on ATM
• Authenticate withdrawal amount on the banking app
• Pick-up cash from ATM.

Through this initiative, users can withdraw money without the need to insert the physical debit/credit card into the ATM. After the USA, India is the only other country to make such contactless ATM facility available to users.

Important takeaways for all competitive exams:

• Mastercard Headquarters: New York, U.S.
• Mastercard President and CEO: Ajaypal Singh Banga.

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