PayToo, Genmega, PAI launch cardless ATM service via mobile phone

Monday 21 July 2014 09:13 CET | News

ATM manufacturer Genmega, financial services provider Payment Alliance International and mobile wallet platform PayToo have teamed up to bring cardless ATM access to the unbanked, including services such as money transfers and PIN access for family members that allows them to withdraw cash when needed.

PayToo ATM customers use a one-time PIN generated from the PayToo mobile wallet on their mobile device to withdraw a predetermined amount of cash. Also, they can perform a standard withdrawal by entering their phone number and security code.

The first ATM to use this method went live in Florida, US on July 1. Following a 90-day pilot test, the partners are set to roll out a nationwide deployment of the machines.

Additionally, PayToo has unveiled that they plan to launch a kiosk offering payment centre services.

In November 2013, PayToo teamed up with the InComm Digital Solutions, a US-based prepaid product and transaction services company, to enable customers to shop online or at the merchant locations using a smartphone.

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Keywords: Paytoo, Genmega, PAI, cardless ATM service, pay with mobile, mobile wallet, US
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce