UAE bank Emirates Islamic has launched cardless cash withdrawal through its mobile banking app.
The Dubai-based bank, which has branches in all seven emirates, said customers can initiate the cash withdrawal from the bank’s mobile banking app and the funds can then be withdrawn from any Emirates Islamic ATM without using a debit or credit card.
Emirates Islamic said the service allows customers to make transfers to recipients using only their mobile phone number. Beneficiaries will receive an SMS with a one-time PIN to withdraw the amount transferred from the closest Emirates Islamic ATM.
“Cardless cash withdrawal provides a seamless banking experience for our customers, merging the convenience of our mobile banking app with the accessibility of our wide ATM network," said Wasim Saifi Deputy CEO, Consumer Banking and Wealth Management, Emirates Islamic.
“Using this service, our customers can transfer cash instantly to anyone including individuals who may not have an account with us, who can then withdraw the cash without a credit or debit card from any Emirates Islamic ATM. We are confident that this service will bring increased convenience to our customers.”For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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