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RAKBANK enable card-less ATM withdrawals with MobileCash

August 19, 2014



RAKBANK has introduced MobileCash. This new service gives customers the ability to withdraw cash and send money in the UAE instantly using their mobile phone, even if the recipient does not have a bank account.

The service runs off the RAKBANK Mobile Banking App platform. An SMS with a one-time password is generated and sent to the customer or the person to whom they wish to send money. The code within the SMS can then be used within 24 hours to withdraw cash from any of RAKBANK's in the UAE without any need for a debit card. Withdrawals can be made for up to AED 5,000.

"RAKBANK has always been at the forefront of empowering customers with technology-based solutions aimed at saving them valuable time," said Peter England, CEO at RAKBANK. "Be it our Click and Collect service, our RAKBANKdeals promotions and now the MobileCash service, we constantly innovate and think ahead, all with the ultimate aim of enhanced customer convenience."


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Source: CPI Financial


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