StanChart's Sh200m cardless ATMs go live
1 months ago, 19 Sep 17:38
Standard Chartered Bank Kenya #ticker:SCBK has upgraded all its ATMs to enable customers make card-less withdrawals and transfer of funds directly to third parties.
The Sh200 million upgrade, the top-tier lender said, allows customers to make withdrawal requests via the mobile phone banking platform, which generates a special code to be used to withdraw cash at the ATM.
“The service will attract the same charges as the current ATM debit card withdrawal charges,” said head of retail banking David Idoru in a statement.
Clients can also share the code with third parties to withdraw cash from another ATM without revealing their passwords at no additional fees.
This may save them time and charges they incur in when they transact on mobile platforms such as M-Pesa.
“As soon as a client generates a voucher it is valid for two hours. If the voucher number is not utilised within the two hours, the transaction is reversed and the amount credited back to the client,” he said.
Category: business opinion news