Bengaluru: Digital payments platform PhonePe on Thursday launched a unique feature called 'PhonePe ATM' on its platform that will help users in need of cash can get instant money from merchants offering this facility.
A customer 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.
Currently, a user can avail Rs 1,000 a day from the merchant via this pilot feature, launched in the Delhi-NCR region to begin with.
Go to the shop, click on the 'Withdraw' button and transfer the required amount to the merchant via the PhonePe app. Once the amount is transferred, the merchant will give the customer the cash equal to the amount transferred, the company said in a statement.
