Explained: What is a virtual ATM and how it works

Paymart India's Virtual ATM revolutionizes cash withdrawal by allowing users to withdraw cash without a card or traditional ATM. The service, available in select cities, requires a smartphone, bank's mobile app, withdrawal request, OTP, and collecting the cash from a participating shop. The company plans to expand nationwide.

Explained: What is a virtual ATM and how it works
Paymart India's Virtual ATM revolutionizes cash withdrawal by allowing users to withdraw cash without a card or traditional ATM. The service, available in select cities, requires a smartphone, bank's mobile app, withdrawal request, OTP, and collecting the cash from a participating shop. The company plans to expand nationwide.