Popular e-commerce company PhonePe has recently launched its new ‘PhonePe ATM’ feature which will allow customers to take cash from merchants offering this facility. The service has been launched on a pilot basis in the Delhi-NCR region on Thursday and will soon be open in other parts of the country if it earns a good response from people there.
There will not be any charges for customers or merchants to avail of this service and the withdrawal limit for customers will be the same as the limit set by their respective banks. The new kind of digital ATM service will help people in withdrawing money without the usage of ATM card and also help people to properly locate a nearby venue for withdrawing cash.