Roamware is now offering its Cardless ATM solution anywhere in the world, it claims. Cardless ATM can be used in the case of loss or theft of a cash card as well as to send money to friends or family at home or abroad.
Cardless ATM is already in use in Europe. Permanent TSB (PTSB) launched the service in Ireland as part of its m-banking solutions in 2009, branded as Emergency Cash. The service allows customers to send €100 to anyone in the country by sending them an SMS. Upon receiving the text message, the recipient can go to any PTSB cash point to withdraw the emergency cash – without an ATM card.
Registered customers can request payment five times per month up to a maximum of €500 (that is, €100 per withdrawal). The account holder is charged €2 per each time.
“There is great interest in this product from banks around the world,” says Avnish Chauhan, EVP at Roamware. “It is particularly of interest in Asia and Africa where banks plan to use it for m-money purposes, that is to send money to friends and family.’