NH Nonghyup Bank Launches 'QR Withdrawal Service' for Mobile Cash Access

[Asia Economy Reporter Song Seung-seop] NH Nonghyup Bank announced on the 27th that it will implement an automated machine "QR Withdrawal Service" using mobile phones.

The QR Withdrawal Service allows users to scan a QR code generated by the automated machine with a mobile application (app) and withdraw money without a card or passbook.

NH Nonghyup Bank plans to conduct a pilot operation targeting branches equipped with STM (Smart ATM) first. Afterwards, based on feedback from customers and branch staff, it plans to expand the service to ATMs.