Instant debit credit card issuance from ATM: Customers will no longer need to visit a bank branch or wait for a card to arrive by post, as banks will be able to issue personalized RuPay cards instantly under a new ATM solution. The new open-source Android based ATM solution is designed to enable customers to receive personalized (RuPay) Debit, Credit and National Common Mobility Card (NCMC) from the machine itself.

This technology will reduce the card issuance time and also speed up the card payment system. Now not only cash but also card will come out from ATM and you can also withdraw cash using the same card. Apart from this, customers can also withdraw money from this ATM through UPI without a card if they want.

These new ATM machines are also being developed for banking services like check depositing, new account opening and loan application, rather than being limited to cash or card only. This will help banks bring digital banking to areas where it is difficult to set up full-service branches. Banks are exploring the possibility of installing these machines in more congested locations like airports, transit hubs, college campuses and corporate parks.

This new initiative is currently under evaluation process, with 9 banks testing the solution along with National Payments Corporation of India (NPCI) and ATM manufacturers. These 9 banks include:

The large-scale implementation of this facility will save the time taken by customers in the banking sector to obtain cards and increase the penetration of digital banking services at a faster rate.