Around the world, a few banks have started cardless ATM transfer. Using their mobile phones, customers access the core/mobile banking system which generates a code for a given amount of money by debiting the customer’s account and transfers the code to the recipient. The recipient then types the code into the ATM to receive money. Due to non-availability of KYC (Know Your Customer) of the recipient, AML (Anti Money Laundering) compliances could not be enforced, and no partial withdraw is allowed.

At DBBL, the mobile banking customers physically go to an ATM, push the ”Mobile Banking” marked button, type their mobile account number, the amount to withdraw, their PIN and push the “Correct” marked button. The customers then receive a Push-sms or IVR call to their mobile phone from the Mobile Banking system requesting them to type their PIN again on their mobile phone. The customers then type their PIN and the ATM dispenses the requested money.

In the DBBL process, the customers operate the ATM using their mobile phone instead of a debit or credit card.

DBBL has innovated a real cardless ATM transaction for the first time in the world which is AML compliant, convenient and secure, protecting you from the risk of ATM frauds like skimming.

Real Cardless ATM Transactions For the first time in the world