Popular e-commerce company PhonePe has recently launched its new ‘PhonePe ATM’ feature which will allow customers to take cash from merchants offering this facility.

As per reports, the service that had been launched on a pilot basis in the Delhi-NCR region on Thursday will soon be open in other parts of the country if it earns a good response from people there.

In order to use the PhonePe ATM feature, users must first open the PhonePe app, go to the ‘Stores’ tab and click on the PhonePe ATM icon to locate nearby shops offering this facility.

After reaching the nearest shop, customers just need to click on the ‘Withdraw’ button and transfer the required amount to the merchant via the PhonePe app.

Once the amount is transferred, the merchant will give the customer the cash equal to the amount transferred.

The company said that there will not be any charges for customers or merchants to avail of this service and the withdrawal limit for customers will be the same as the limit set by their respective banks.

The new kind of digital ATM service will help people in withdrawing money without the usage of ATM card and also help people to properly locate a nearby venue for withdrawing cash.

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