First Cardless Withdrawal For Mobile ATMs Launched

By Malaya Business Insight

Rizal Commercial Banking Corporation’s (RCBC) ATM Go, the country’s first neighborhood ATM which has the most extensive reach among geographically isolated and disadvantaged areas (GIDAs), will be launching another first in the industry – the pioneering cardless withdrawal for mobile point-of-sale terminals (mPOS) as part of the bank’s commitment to digital innovation and financial inclusion.

Aside from the regular ATM services that requires an ATM Card, ATM Go can now process cardless withdrawals via other RCBC mobile apps. Transactions can be initiated via RCBC online mobile app or through the DiskarTech financial inclusion app. Customers simply need to log into their RCBC Online or DiskarTech account and choose the cash withdrawal option in order to initiate the transaction. A reference number and OTP will be sent to the user which they will then use to withdraw money from any ATM Go partner merchant.

This expansion of RCBC’s cardless withdrawal service to ATM Go is also inspired by the 597-percent total transaction growth of the same service via RCBC’s DiskarTech.

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