Home » What Is Upi Atm Cash Withdrawal? Now Withdraw Cash Without A Card

What Is Upi Atm Cash Withdrawal? Now Withdraw Cash Without A Card

The inconvenience of reaching for cash and realizing you’ve left your card at home is a nightmare most of us have faced. However, with the introduction of the UPI-ATM in India, this is about to change. This new innovation in the banking sector, introduced by Hitachi, allows users to seamlessly withdraw money from ATMs using just their UPI ID.

Unveiling the Hitachi Money Spot UPI ATM

At the recent Global Fintech Fest held in Mumbai on September 5, 2023, Hitachi showcased their new invention: the “Hitachi Money Spot UPI ATM.” This groundbreaking device functions like a traditional ATM but omits the need for a physical card. Instead, users utilize a mobile app based on the United Payments Interface (UPI) system to access their funds.

How Does the UPI-ATM Work?

Navigating the UPI-ATM is both straightforward and intuitive:

  • Select Your Amount: Begin by choosing how much cash you wish to withdraw.
  • Scan the QR Code: The ATM displays a QR code corresponding to the selected amount. This code will be scanned using your UPI mobile application.
  • Authorize with UPI: Launch any UPI-supported app on your smartphone and scan the QR code presented by the ATM. This communicates your withdrawal amount to the system.
  • Enter Your UPI PIN: To ensure the transaction’s security, you’ll be prompted to input a unique UPI PIN on your mobile app. This authorization step confirms your identity and safeguards the process.
  • Collect Your Cash: After verifying the PIN, the ATM disburses the requested cash.

UPI-ATM vs. Cardless Cash Withdrawals

While cardless cash withdrawals aren’t new in the banking sector, the UPI-ATM revolutionizes this concept. Traditional cardless methods require users to input a one-time-password (OTP) sent to their registered mobile number. In contrast, the UPI-ATM leverages QR code technology, eliminating the need for OTPs and streamlining the withdrawal process.

Advantages of the UPI-ATM System

  • Convenience on the Go: Whether you’ve forgotten your wallet at home or simply prefer not to carry cards, the UPI-ATM ensures that cash is always accessible with just a smartphone in hand.
  • Enhanced Security: By integrating UPI’s security features, including the UPI PIN, the system guarantees that transactions are safe and protected from potential fraud.
  • Universal UPI App Integration: The UPI-ATM doesn’t necessitate a specific app. Any UPI-supported application on your smartphone will work, offering flexibility to users.
  • Broad Accessibility: With the backing of the National Payments Corporation of India, the UPI-ATM is expected to proliferate across urban and rural locales, ensuring widespread access.

The Future of Banking in India

Hitachi’s launch of UPI-ATM represents a landmark moment for Indian banking. By combining the convenience and accessibility of UPI with ATMs, Hitachi has developed an innovative banking solution suited to today’s digital age – showing that technological innovations in banking can both meet user expectations while being highly secure.

As our nation transitions toward a digital economy, tools like UPI-ATM are indispensable in connecting traditional banking methods with modern solutions and making digital banking accessible for all citizens regardless of location or tech knowledge.


The UPI-ATM by Hitachi is a testament to the transformative power of technology in the banking sector. By simplifying the cash withdrawal process and bolstering security, it promises not only to enhance user convenience but also to chart the course for the future of ATMs in India. As we transition further into a digitized world, the UPI-ATM stands as a beacon of innovation, guiding the way.

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Jack Reuben Fletcher

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