SMS ATM Cash Withdrawal

Sicap has developed a technology that enables anyone to withdraw money out of an ATM using SMS and have the balance added to their monthly phone bill. Punters simply text the amount they want to receive a one-time code that is typed into the ATM. Once it’s verified you get your cash there and then – you technically don’t even need a bank account. The service also enables anyone to forward codes to friends or family that are stuck somewhere without dollar.

Very smart.

More here.

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