OmniCard Launches Cash withdrawal facility across all ATMs

OmniCard is a company that provides payment solutions. Thus on Sunday 12th June 2022, the payment solution provider launched its cash withdrawal facility from any ATM across the country. OmniCard became the first prepaid instrument to start its cash withdrawal facility. Furthermore, OmniCard will be powered by Rupay ATM cards for all the payment withdrawal transactions. Since this news surfaced on news channels the civilians who are associated with OmniCard have become curious to use this cash withdrawal facility. But there are several questions that are linked with this development such as how can OmniCard’s customers will get their physical copy of their ATM card? However, there are several other questions that must be answered in the following sections of this column. Have a peek below. Follow More Update On GetIndiaNews.com

OmniCard

OmniCard stated that it has become the Reserve Bank of India’s first licensed prepaid instruments (PPI) to start cash withdrawal from any Automatic Teller Machine across the country. And all the transactions will be done by using a RuPay ATM card. Customers have to apply for a physical copy of their digital e-Wallet’s ATM. OmniCard got the authority to allow its customers to withdraw cash from any ATM after RBI announced that the non-bank units can enable cash withdrawals from e-Wallet. Kindly look at the next particular to learn what OmniCard’s CEO said.

The CEO of OmniCard is Sanjeev Pandey who is also the co-founder of this company, he said that cash withdrawal is a step toward enabling customers’ needs in case of unexpected spending requirements. Sanjeev Pandey also said that the company will provide an alternate option to maintain the layer of security of its customers’ account details and digital wallets. Abhishek Saxena is the second guy who co-founded OmniCard alongside Sanjeev Panday. Abhishek Saxena is the COO of OmniCard. Have look below to learn what OmniCard’s COO said on this development.

He said, “Our aim is to entrust every household in India with OmniCard for their daily spending while providing a secure, safe and rewarding experience,”. Omnicare is a Noida-based non-bank entity that is powered by RuPay prepaid card with an e-wallet. According to its CEO, the users of OmniCard will be able to create multiple cards for their family members and can monitor all the expenditures by family members through OmniCard’s mobile app. Stay tuned to this page for more details and information.

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