With mobile money, digital banks and contactless payments the current fashion in the fintech space, physical cards really do feel like relics of the past.

This morning there is another way for folks to withdraw money at an ATM without needing a card. Fintech enabler Ukheshe together with payments provider Paycorp, have announced a partnership that enables cardless cash withdrawals at Cash Express ATMs.

This partnership lets South Africans who use mobile wallets withdraw cash as chief executive officer at Ukheshe, Clayton Hayward explains.

“Cardless withdrawals allow customers to access cash conveniently from their mobile wallet without using a card. Initiated securely in a mobile wallet such as MTN Momo or OzowMe, a transaction is completed at a Cash Express ATM using the mobile number and one time PIN to withdraw cash,” says Hayward.

Cash Express ATMs are operated by Paycorp through its ATM Solutions and ATM Point business units. There are as many as 4 000 Cash Express ATMs located around South Africa.

“Our fundamental purpose is to extend financial inclusion, connecting more people to their money,” says Wayne Abramson, chief executive officer of ATM Solutions.

“Our clients span formal and informal retailers in both metro and rural environments, where we operate ATMs in the retail, hospitality and transportation sectors and provide an offering to the under-serviced. We are passionate about providing people with convenient access to cash, even in the most remote areas, placing ATMs close to where people live, work and shop,” adds Abramson.

Contactless payment solutions have grown increasingly popular in South Africa. At the end of 2021, FNB revealed that contactless payments using a smartphone or wearable had increased 1 000 percent.