ATMs

Some bank customers in the country have appealed to the Central Bank of Nigeria(CBN) to urgently address withdrawal limits set by banks. Some of the customers told PREMIUM TIMES how they struggled to withdraw certain amounts from their accounts after the banks placed restrictions on amounts they could withdraw. In line with the Central Bank of Nigeria’s cashless policy, individual customers are allowed a maximum weekly withdrawal of N500,000, with a daily limit of N100,000. Corporate entities are constrained to a…

The death of the ATM is juxtaposed by the rise in contactless credit card payments and money transfer apps like Venmo and a coin shortage running parallel to the covid-19 pandemic. Image: cozyta (Shutterstock)It would appear that the days of crisp dollar bills and shiny pennies are falling behind us. The number of ATMs in the U.S. is reportedly on the decline as we move to a society hellbent on credit cards, mobile payments, and tap-to-pay.A new report from The Wall Street Journal, which cites data from the research firm…

Watch out for the top 5 nations with the highest number of Bitcoin ATMs The rise in popularity of cryptocurrencies like Bitcoin in recent years has resulted in an increase in the number of Bitcoin ATMs installed worldwide. Users may quickly and securely purchase and trade Bitcoin and other cryptocurrencies using these ATMs. In this post, we’ll examine the top 5 nations with the greatest concentration of Bitcoin ATMs. United States – With more than 17,000 machines dispersed around the nation, the United States boasts the…

A water ATM point in Yawkwei. Credit: Godfred Amankwaa Universal, safe and reliable water access is a pressing need in the global south. One-quarter of the world's population don't currently have access to clean drinking water. In Ghana, about 5 million people out of a total population of about 31 million lack access to clean, safe water. One person in ten has to spend more than 30 minutes to get drinking water.…

Image Source : PAYTM PAYTM Delhi-NCR has emerged as India's digital payments capital whereas Tamil Nadu's Katpadi is the fastest growing city for digital payments with 7X growth in 2022, One97 Communications Limited (OCL), which owns leading payments and financial services company Paytm, said in a report on Wednesday. ALSO READ: Jio Down: Many users c0omplained about…

CoinFlip, a fintech company powered by crypto, has opened a ‘crypto experience center’ in TampaCoinFlip, a provider of cryptocurrency ATMs, has expanded to the Caribbean with four ATMs across Puerto Rico, according to a press release. The company, which has a network of 4,000 bitcoin ATMs, also expanded to Canada in 2022 along with opening its second corporate location and Crypto Experience Center in Tampa, Florida.The four CoinFlip ATMs are available at the following Puerto locations:Gulf: 18-20 C. Georgetti, Caguas,…

FP TrendingNov 23, 2022 07:53:01 ISTFollowing its introduction in 2016, the United Payments Interface (UPI) has seen tremendous growth in India. The reason UPI is so popular as a payment system is that it makes online payments and money transfers incredibly simple by combining various bank accounts into a single mobile application. Representational Image. News18 The newest feature addition from the National Payments Corporation of India (NPCI), which administers UPI, enables the option to withdraw money from any bank ATM…

To accompany a new holiday season that’s bound to have more in-person shopping than we’ve been used to as of late, Google is pushing out an update to its Maps app that lets you use AR to explore which stores and amenities happen to be in your line of sight. Its part of the Live View feature, which previously mostly focused on overlaying directions on a video feed of your surroundings, and the only caveat is that it’s currently limited to London, Los Angeles, New York, Paris, San Francisco, and Tokyo. Seeing as I live in…

Airtel Payments Bank has introduced Micro ATMs to enable debit card users to withdraw money outside of Metropolitan and Tier 1 cities. The banks will use their nationwide network of more than 500,000 banking locations to streamline cash withdrawals. Micro ATMs allow transactions of up to Rs 10,000.How does the Micro ATM service work?Banking correspondents (BCs) provide these Micro ATMs, which offer fundamental banking services and can be used to withdraw money from your bank account. These business correspondents could be…

The government is conducting a pilot project for an automatic number plate recognition system with a view to reducing traffic congestion at toll plazas and charging vehicle owners for the exact distance their cars drive on tolled highways, Union minister Nitin Gadkari said. Addressing an event organised by the Indo-American Chamber of Commerce (IACC), Gadkari said the government wants to develop India's public transport system on electricity. "The ministry of road transport and highways is conducting a pilot project of…