Piyush Goyal Posts a Video Of a Person Utilizing UPI To Make An ATM Withdrawal

Piyush Goyal shared a video on X that had people talking. In the footage, a man is seen taking money out of a UPI ATM. It is a device made to enable UPI cash withdrawals without the use of actual cards.

Piyush Goyal shares a video from ATM

The union minister uploaded the video along with the caption, “UPI ATM: The future of fintech is here! In the video, a man is shown describing how the ATM works. He can be seen utilizing the machine and withdrawing $500 through UPI in the video.

Anand Mahindra, a business mogul, also uploaded the same video with a positive remark. This UPI ATM reportedly made its debut on September 5 at the Global Fintech Fest 2023 in Mumbai. It is just amazing how quickly India is digitizing financial services and moving them away from being corporate-centric toward being consumer-centric (an alarm bell for credit card companies?). He wrote on X, I just have to make sure I don’t misplace my smartphone!

The video was published a short while ago. It has had around 7.1 lakh views since being shared, and the numbers are growing swiftly. Furthermore, the post has received more than 18,000 likes. As a response to the video, many comments were submitted.

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How did the X users react?

An X user commented, “That’s one giant leap towards self-reliance in fintech. “The UPI financial system has a ground-breaking function! You can use this capability to make cash withdrawals whenever you want without a real card,” added a third. ” Digital India is booming. A third person said, “I think it should be everywhere. I think, Har jagah ye honi chahiye. Another said, “That’s amazing,” adding a fourth. Five people wrote, “Great news.”