Financial News
Written by: Huang Youhua
2020-06-02 17:13
Last update date: 2020-06-02 17:13Jetco announced the launch of a cross-bank cardless withdrawal service. In the first phase, about 11 banks will support cardless withdrawal services and the mobile application of 3 banks will also add cardless withdrawal functions. Yintong means that the relevant customer only needs to verify the customer's identity on the mobile banking application and preset the withdrawal instructions, then go to the Yintong ATM that supports this service, press the "without card withdrawal" option, and scan the screen , You can get cash instantly. ATMs that can use related services will also have a "cardless withdrawal" sign to remind customers.
Yintong expects that there will be successive bank participation plans by August and the fourth quarter of this year, when the service covers more than 2,000 ATMs in Hong Kong, and it is revealed that virtual banks will also participate in the coming days. .
Daily card-free withdrawal limit is 20,000 yuan
Yintong said that this inter-bank cardless withdrawal service is roughly the same as using physical card withdrawals. The daily withdrawal limit for cardless withdrawals is 20,000 yuan. However, in order to protect personal privacy and security, at this stage, the QR code cannot be handed over to others for withdrawal, but it promises to study its feasibility. At the same time, we are studying ATMs to provide cross-bank deposit services.
Cai Bingzhong, chief executive of Yintong, said that the new crown pneumonia epidemic had an impact on the transaction volume of cross-bank withdrawals. I believe it is because the public needs to work from home, and retail and catering are also restricted by the epidemic. However, as the epidemic has eased, the situation has been corrected, but it has not yet returned to the pre-epidemic level.
List of 11 banks supporting cardless withdrawal services in the first stage (in no particular order):
Bank of Communications (Hong Kong)
Bank of East Asia
China CITIC Bank (International)
China Construction Bank (Asia)
China Merchants Bank Hong Kong Branch
Chong Hing Bank
Citibank (Hong Kong)
Dah Sing Bank
Industrial and Commercial Bank of China (Asia)
Public Bank (Hong Kong)
Shanghai Commercial Bank
The list of services that support the cardless withdrawal function using the bank application is now available (in no particular order):
Bank of East Asia
Industrial and Commercial Bank of China (Asia)
Standard Chartered Bank (Hong Kong)
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