users of the bank's new ATMs will register ahead of time at a local branch with their palm print and other key information. Then, to use one of the devices they'll need only enter their birth date and a four-digit PIN along with having their palm scanned
"Australia has launched new innovations to its mobile wallet services and it includes a "Cardless Cash" initiative that allows clients to withdraw cash without a card from any of the bank's ATMs across the country using the CommBank app."
Thanks to a cobbled together-by-necessity system of money-transfer posts from Somaliland’s diaspora and a surging mobile banking industry, the country has to do away with cash.
Selesom, the major mobile carrier has launched a service where cash is completely bypassed. Mobile banking in Africa is nothing new and is far more advanced in the West or Asia, but Somaliland can take this to a further level
In less than six months more than 80,000 people in Hargesia have signed up with Selesom for its ZAAD mobile money service for money transfers
Solaliland (not a formally recognized country with non-formally-recognized currency) will be the first country to extinguish cash
they have no ATMs, locals think credit cards are ridiculous
really interesting
There's an easier way to recycle your old mobile phones and receive instant cash in exchange. Users can drop off their used device at an ecoATM, which can automatically detect the phone model and determine its working condition. It can evaluate the phone on the spot and give the user a market value based on its assessment. If the consumer is happy with the price, then they have the option to either take the cash or donate the money to a charity.
"The electronic banking kiosks may soon include features like biometric scanning to identify customers and be able to sync with an app that will allow customers to withdraw money remotely and simply pick up the money when they are ready."