Customers of Pakistan’s Askari Bank can now withdraw cash from ATMs using their mobile phone. “All customers need to do is log in to their mobile wallet to generate a voucher,” technology provider TPS says. “A unique voucher code (one-time password) is instantly sent to customers via a text message on their registered mobile number. Customers can redeem the voucher at all Askari Bank ATMs across Pakistan.”
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“Skimmer” proof. Potential to reduce the vulnerability to counterfeit cards. However, the consumer will adopt it because it is convenient; we get the security for free.