Roamware has announced global availability of Cardless ATM. The service enables bank customers to withdraw cash from an ATM without the use of a cash card. Cardless ATM can be used in 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 one of many mobile financial products that Roamware has made available to banks and mobile operators since the acquisition of mobile financial services developer Macalla Software Ltd in 2009.
Avnish Chauhan, EVP, Roamware, said, “There is great interest in this product from banks around the world. It is particularly of interest in Asia and Africa where banks plan on using it for mobile money purposes, that is to send money to friends and family. This is a cost saving solution that could potentially complement ‘no frills’ bank account offering to underbanked and unbanked communities in developing economies.”