Virtual ATM is here: No need to go to ATM; use OTP to get cash from nearby shop; how to use

Paymart India has come up with a virtual, cardless and hardware-less cash withdrawal service called "Virtual ATM". To withdraw money using this virtual ATM, all you need is a smartphone, a mobile banking application and an Internet connection. What is a virtual ATM? How does it work? Who can withdraw money from virtual ATMs? How to locate your nearest virtual ATM? ET Online explains.
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