Question : Why Empays Payment Systems India has recently partnered with Mastercard ?
(a) to launch contactless ATM solution in India
(b) to launch contactless PoS (Point of Sale) terminals
(c) both (a) and (b)
(d) none of the above
Answer (a)
Related facts
- Cloud-based payment solutions provider, Empays Payment Systems India has recently partnered with Mastercard to launch contactless ATM solution in India due to COVID-19 pandemic.
- Under the partnership, Mastercard will help Empays to launch ‘Cardless ATM powered by Mastercard.
- The initiative will help users to digitally locate the nearest enabled ATM.
Contactless ATM Mchine
- There are four simple steps to withdraw cash from contactless ATM Machine.
- The four steps involve opening the banking app, scanning the QR on ATM, authenticate the amount which has to be withdrawn on the app itself and the final step is to pick up the cash from the ATM.
- After the USA , India is the only other country to make such contactless ATM facility available to users.
By-Pankaj Pandey
Link:
https://m.dailyhunt.in/news/india/english/adda247-epaper-adda/empays+partners+with+mastercard+to+enable+contactless+atm+withdrawals-newsid-n190809372
https://www.timesnownews.com/business-economy/industry/article/empays-payment-systems-partners-with-mastercard-for-contact-free-atm-cash-withdrawals/604071