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The Cardless ATM market is a subset of the larger Automated Teller Machine (ATM) market. It is characterized by the use of mobile phones, tablets, or other devices to access ATM services without the need for a physical card. This technology is becoming increasingly popular as it offers convenience and security to customers. Cardless ATMs allow customers to access their accounts without having to carry a physical card, reducing the risk of theft or loss. Additionally, customers can use their mobile devices to access their accounts from anywhere, making it easier to manage their finances.
Cardless ATMs are also beneficial for banks and other financial institutions as they reduce the cost of issuing and maintaining physical cards. Furthermore, they provide an additional layer of security as customers can use biometric authentication to access their accounts.
Some companies in the Cardless ATM market include FIS, NCR Corporation, Diebold Nixdorf, and Euronet Worldwide. Show Less Read more