Just In
- 8 hrs ago OPPO Find X7 Ultra Camera Deep-Dive: Pushing the Boundaries of Photography on a Smartphone
- 9 hrs ago iQOO Z9 Turbo Launched in China: Snapdragon 8s Gen 3, 16GB RAM, and More
- 10 hrs ago iQOO Z9, Z9x Launched in China: 6000mAh Battery, iQOO 12 Inspired Design, 50MP Camera, & More
- 11 hrs ago HMD Branded First Set of Android Smartphones Are Here!
Don't Miss
- Education JEE Main Result 2024 Out, Telangana's 15 Toppers Shine, Check Statewise List of 56 Candidates with Perfect 100
- Sports Who Won Yesterday's IPL Match 40? DC vs GT, IPL 2024 on April 24: Delhi Capitals Clinch High-Scoring Thriller At Kotla
- News Mangalsutra Row: Did Indira Gandhi Donate Gold During The 1962 War? The Facts Behind Priyanka's Claim
- Movies Kota Factory 3 OTT Release Date, Platform: When Will Jitendra Kumar's Web Series Premiere On Netflix?
- Lifestyle Backless Dress: 7 Tips For Choosing Perfect Bra For Backless Outfits And Turn Heads Wherever You Go
- Travel Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
- Finance DCB Bank Q4 Results: PAT Grew 9% To Rs 156 Cr, NII Jumps 4.5%; Dividend Declared
- Automobiles Aston Martin Vantage Launched In India At Rs 3.99 Crore
Withdraw cash with a tap on your smartphone
Tapping smartphones on high-tech contactless cash machines, bank customers will now be able to withdraw 100 pounds (around Rs 8,414) in cash, reports said.
The scheme by Barclays -- a British multinational banking and financial services company -- is set to start in December and would be the first of its kind, the Telegraph reported on Monday.
SEE ALSO: Listen to PM Modi's Speech on New Rs. 2,000, Rs. 500 Notes With This App
The initiative, for the Android smartphone users, would require the customers to first touch their mobile device or contactless debit card against the machine and then enter their pin on the cash-point," the report said.
Barclays is also set to introduce a facility on their mobile app in January 2017, which would require customers to enter their pin and then tap their device against the machine for withdrawals.
The contactless machines would make it harder for criminals to misuse customers' accounts by "protecting them from card skimming".
"These are machines that we have designed ourselves, so they're unique," said Ashok Vaswani, the head of Barclays' Personal and Corporate banking division.
"We hope this technology will give thieves fewer opportunities to steal money or cards by distracting customers," Vaswani added.
SEE ALSO: 5 Apps to Help you Survive through demonetization and long ATM and Bank queues
Barclays aims to have about 500 of the new cash points operating in 200 branches across Britain by January before a wider roll-out of the technology, including to high-street ATMs, the report mentioned.
Source IANS
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
11,999
-
16,026
-
14,248
-
14,466
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804