Airtel Payment Bank has tied up with Empays, a global provider of cloud based payment solutions that lets you make card-less cash withdrawals at over 100,000 ATMs across India using its technology called IMT (Instant Money Transfer). The technology can be used for self-withdrawal or for sending money to an intended recipient for ATM cash withdrawal. It is currently available for Airtel Payments Bank account holders at over 20,000 IMT enabled ATMs in India and will cover more than 100,000 ATMs by the end of this year. IMT is accessible to all Airtel Payments Bank account holders through USSD (*400#) and MyAirtel app. You can generate a cash withdrawal request which can be used for withdrawal at any of the IMT enabled ATMs. As an introductory offer, Airtel Payments Bank has waived off Rs. 25 transaction fee for the first two self-withdrawals. Over 100,000 ATMs belonging to some of the largest banks in the country such as State Bank of India, Axis Bank and Punjab National Bank are linked to the IMT system for card-less cash withdrawals. The network is licensed by the Reserve Bank of India as a payment system and is the only one of its kind in the country. Commenting on the ...
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