Askari Bank introduces cardless cash withdrawals

Source: TPS

In association with TPS as its trusted technology partner, Askari Bank Limited has launched Cardless Cash Withdrawal service for the first time in Pakistan.

With this service, Askari Bank’s customers can withdraw cash without any ATM card. The service is available at all Askari Bank ATMs across Pakistan.

All customers need to do is to login to their Mobile Wallet to generate a voucher. A unique voucher code (One Time Password) is instantly sent to customers via a text message on their registered mobile number. Customers can redeem the voucher at all Askari Bank ATMs across Pakistan, without any ATM card.

Using its domain expertise and years of experience in the payments industry, TPS designed a solution that not only saves the customers from the need to carry their cards all the time but also helps mitigate the risk of card skimmers and shoulder surfing. The service will enable the bank to drive traffic to its digital channels as customers will be relying on the bank’s mobile banking platforms to generate cardless cash transaction.

"We are excited to work with TPS to introduce Cardless Cash Withdrawal in Pakistan. Askari Bank continues to focus on improving customer experience and providing greater convenience by continuing to introduce new and innovative products. Cardless Cash Withdrawal service gives customers easy, secure access to withdraw cash from all Askari Bank ATMs without any card." - Asim Bashir, Country Head Branchless Banking & ADC, Askari Bank Limited

"Cardless Cash Withdrawal is already widely used in international markets and provides customers a secure and easy way to withdraw cash from ATMs. We are proud to be a part of Askari Bank’s digital transformation journey to provide the safest and best experience to the bank’s loyal customers." - Shahzad Shahid, CEO, TPS

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