As digital payment platforms thrive, Walmart-owned PhonePe has now launched its own Automated Teller Machine (ATM), a first of its kind service in India. The service launched on a pilot basis in Delhi NCR will enable people to get cash from merchant partners through transactions with their mobile devices.

The company said that the service will enable neighbourhood stores to act as ATMs for PhonePe users. “The PhonePe ATM allows customers to withdraw cash without any hassle through our trusted merchant partners. It also helps merchants avoid the hassle of storing cash and ...