Banking, Finance and Insurance
ABSA unveils Cardless Withdraws On ATMs
Absa Bank Uganda has introduced the country’s first innovative and exciting cardless withdrawal function on Automated Teller Machines (ATMs).
The innovation allows customers to use a QR Code generated from the Absa Banking App on any smartphone device to withdraw cash at any Absa ATM countrywide.
Speaking during a media briefing to launch this new offering, Musa Jallow, Retail Director, Absa Bank Uganda said,
“Digital payments are evolving at a fast pace, particularly during this COVID-19 era where public health is a primary concern. Absa is responding to the needs of customers who are looking for convenience and security as well as solutions that enable them to conduct their banking with as minimal physical interaction as possible. We are, therefore, proud to bring yet another innovation that responds to these needs.”
The bank’s strategic ambition is to become a fit-for-purpose, digital-first business. Absa has made significant investments in digital innovation and infrastructure during the past few years and continues to promise further innovation as a critical component to the development of its ecosystem.
“This new cardless solution, which is in line with our ongoing delivery of next-generation solutions for our customers, ensures minimal contact is made with the ATM screen and keypads. It also protects customers and minimizes the risk of cards being compromised at tampered ATMs,” Jallow added.