J&K Bank partners with Paymart India Pvt Ltd to launch an innovative Virtual ATM (VATM) facility.

Banking & Finance

J&K Bank partners with Paymart India Pvt Ltd to launch an innovative Virtual ATM (VATM) facility. The partnership aim to enhance boosting banking convenience for consumers across its operations, particularly in J&K and Ladakh. The collaboration aims to introduce cardless cash withdrawals for the Bank’s customers through local retailers. In this facility, the customer’s smartphone running the Bank’s mobile application serves as the Virtual Card, while the merchant’s smartphone serves as the Virtual ATM. Notably, the VATM option would allow consumers to withdraw up to Rs2000 cash per transaction, for a total of Rs10,000 per month.


     

     

     

 

     


J&K Bank

Establishment- 1938
HQ- Srinagar
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