However, the fast rising FinTech company has announced the extension of the service to other Nigerian banks, namely FCMB, Stanbic IBTC, Heritage Bank and Fidelity Bank.
Now, customers of the aforementioned banks can withdraw money sent via Paga at any of their ATMs anywhere in the country without their cards.
The service works in a rather simple way. A 4 digit withdrawal code and a 7 digit reference code is generated once a withdrawal transaction is completed on Paga.
Both digits are then inputted into the ATM to collect the funds. It’s really that simple!
The image below further describes how cash can be withdrawn from an ATM of the participating banks.
Although I can’t really determine right now how many people are using this service but the fact that Paga is extending it to more banks means it is being used by many. And why not?
I mean we all at one point or the other have been to the ATM to withdraw some cash only to realise that we’ve left our cards at only God knows where.
Paga’s cardless ATM withdrawal service comes in handy in such situations, and this definitely explains why the service is being extended and expanded.
With this service, Paga is showing (and telling) us that it is still very much committed to providing consumers with innovative and universal access to financial services in Nigeria.