StanChart offers mobile cash transfer

StanChart offers mobile cash transfer
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First Published: Wed, Jan 30 2008. 11 51 PM IST
Updated: Wed, Jan 30 2008. 11 51 PM IST
Mumbai: Private sector lender Standard Chartered Bank on Wednesday launched cardless cash withdrawal and mobile commerce allowing its customers to transfer cash instantly to anyone across India and book movie and air tickets through the mobile phone.
A bank statement said a customer can make a request at an automated teller machine (ATM) to transfer the funds to a recipient’s mobile number. The customer will get an order number and, at the same time, the recipient will receive an SMS with a pin number on his mobile.
The recipient can then go to any ATM of the bank, enter the pin, order number, mobile number and the amount. On verification, the cash will be dispensed to the recipient, the statement said.
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First Published: Wed, Jan 30 2008. 11 51 PM IST