Imagine those situations when someone needs you to send money to them quickly while they’re in front of an ATM machine or a bank. Or perhaps they have cash but can’t withdraw because they don’t have their ATM card with them.
Recently, my wife was in that situation (although with her ATM card) and needed extra cash to sort out a medical bill somewhere in Victoria Island, while I was at home far away in Ibeju-Lekki.
Of course, the only way to get the money to her was through Internet Banking, which was a no brainer. Yeah, you guessed right, that’s what I did. But what if she didn’t have her ATM card on her or there were no banks around her, or worse, she didn’t have any money at the bank?
Did you say, Just Paga It? Right, who needs an ATM card when you can now withdraw cash from an ATM machine without one?
Fastest growing mobile payment service in Nigeria, Paga today announced that you can now make withdrawals from an ATM machine without your ATM card.
So if you want to withdraw money from your Paga account or you want to transfer money to someone from your Paga account, the money can be withdrawn without a card from any GTBank or First Bank ATM nationwide.
Once you send money to someone or initiate a withdrawal from your Paga account, that is, between N1,000 and N20,000 (per transaction), you (or the individual) can use the 12 digit and 4 digit code you received after the transaction has been processed to withdraw the money.
Of course, cardless withdrawals is nothing novel in the financial services sector, as banks such as ABSA and FNB in South Africa as well as GTBank in Nigeria have since introduced the service for their customers.
I’m keen to see how Paga would drive the adoption of this service across its over 1 million users and think that it would need a lot more traditional marketing campaigns (TV, Radio, etc) to increase the adoption of the service.
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