Future is here! Piyush Goyal posts video of a person withdrawing cash from ATM using UPI

Piyush Goyal recently shared a video on X that had people talking. In the footage, a man is seen taking money out of a UPI ATM. It is a device made to enable UPI cash withdrawals without the use of actual cards.

UPI ATM: The future of fintech is here! 💪🇮🇳 pic.twitter.com/el9ioH3PNP

— Piyush Goyal (@PiyushGoyal) September 7, 2023

UPI ATMs bring the future closer

The clip shows a man explaining how the ATM operates. The video shows him withdrawing ₹500 through UPI while using the machine.

Business tycoon Anand Mahindra also shared the same video along with an appreciative caption. “This UPI ATM was apparently unveiled at the Global Fintech Fest 2023 in Mumbai on September 5. The speed at which India is digitising financial services and making them consumer-centric as opposed to corporate-centric (Alarm bell for credit card companies?) is simply dazzling. (I just have to make SURE I don’t misplace my cellphone!),” he wrote on X.

This UPI ATM was apparently unveiled at the Global Fintech Fest 2023 in Mumbai on September 5. The speed at which India is digitising financial services & making them consumer-centric as opposed to corporate-centric (Alarm bell for credit card companies?) is simply dazzling.… pic.twitter.com/krBXhbc9Qh

— anand mahindra (@anandmahindra) September 7, 2023

Well received by the public

The video was published a short while ago. It has had around 7.1 lakh views since being shared, and the numbers are growing swiftly. Furthermore, the post has received more than 18,000 likes. As a response to the video, many comments were submitted.

More on UPI-ATM

Interoperable Cardless Cash Withdrawal, or UPI-ATM, is another name for the service. The first UPI-ATM in India was introduced on September 5 by Hitachi Payment Services and the National Payments Corporation of India (NPCI). Users of some banks can conduct “QR-based cashless withdrawals” with this device.