Bengaluru-based payments major, PhonePe, on Thursday said it has announced the launch of PhonePe ATM.
Currently still in pilots, the new service will be launched in Delhi NCR, enabling neighbourhood stores to act as ATMs for the PhonePe users.
With the new offering, customers in need of cash can simply open the PhonePe app, go to the ‘Stores’ tab, and click on the ‘PhonePe ATM’ icon to locate nearby shops offering this facility.
Commenting on the launch, Vivek Lohcheb, Head of Offline Business Development, PhonePe, said,“In line with our vision of democratising digital payments for the masses, we have launched the PhonePe ATM service in Delhi/NCR.
The PhonePe ATM allows customers to withdraw cash without any hassle through our trusted merchant partners.

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