Yes Bank launches biometric ATM withdrawals with Aadhaar

Tuesday 9 January 2018 11:02 CET | News

India`s Yes Bank has announced the launch of biometric ATM withdrawals using the country`s unique Aadhaar ID system. 

Nearby Technologies has partnered with YES BANK and worked closely with National Payments Corporation of India (NPCI) to launch a card less and PIN-less Aadhaar ATM service. Using the PayNEARBY mobile application on a smart phone, a merchant can become an Aadhaar ATM / Aadhaar Bank Branch for cash withdrawals and deposits by a customer. Customers of any bank need to link their Aadhaar number with any bank account which gets seeded with NPCI on customer’s request to their bank.

PayNEARBY’s Aadhaar ATM will be available through YES BANK and the BC Agent network comprising 40,000 touchpoints. The company has tied up with the Retailers Association of India for spreading the relevance and create popularity of Aadhaar services, educating customers and enabling the service even in the remotest parts of India.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: YES Bank, ATM, biometrics, Aadhaar, Nearby Technologies, partnership, India, PayNEARBY
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: World
This article is part of category

Securing Transactions