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Cardless withdrawal enables customers to withdraw money from ATMs without inserting a physical debit or credit card. Instead, the process relies on mobile apps or other authentication methods, such as QR codes or one-time PINs (Personal Identification Numbers), to authenticate the transaction.
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Cardless withdrawal provides several benefits, such as enhanced security, reduced risk of card theft, and a faster, more efficient transaction process. It also allows users to access their funds in emergency situations, even if they lose their physical bank card.
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