BBVA and Caixabank confirm the change and this is how we will withdraw money in 2024.

The technological world continues to change, and there will be fewer ATMs.. And that’s what Caixabank and BBVA became pioneers in introducing new cash withdrawal technologies.

What is the purpose of introducing these new technologies? It seems that make life easier for your customers and at the same time increase security measures when withdrawing money from ATMs. What is this technology that they introduced? This is an NFC addition to ATMsthanks to which customers will no longer need a physical card to withdraw money through them.

This implies that Not only the technology of these organizations’ ATMs has changed, but also their appearance. thanks to these technologies that are implemented in them.

NFC technology in ATMs

It’s common to see so many people making payments using their mobile phone, and now

You also won’t need to insert a credit card into the ATM to get cash from these two organizations’ ATMs. In fact, over time, it is expected that more banking organizations will implement these new technologies in their ATMs.

Transactions at these Caixabank and BBVA ATMs can be performed not only using a mobile phone, but also from any device with a built-in credit card.

Not all ATMs are equipped with technology

Yes indeed Not all ATMs of the above-mentioned banking organizations are equipped with this new technology.news that is undoubtedly a cause of joy and relief for older people who have no control over such mechanisms.

But the fact is that older people, even in some cases, continue to withdraw money through the window of some savings banks and banks, which is why some of them charge a commission and this is prohibited, given the technological features. the difficulties some people of a certain age have with cashiers.

This is a disadvantage that many of these people who do not fully understand the technology suffer from, coming from an all-analogue era, although the staff at the counter will still be able to help them with this.

Of course, if this technology spreads, older people or others who don’t want to use it will have to stick to hours during which workers can serve them at the window.

How do these NFC ATMs work?

These ATMs make withdrawing money quick and easy, especially for those people who already make payments using their mobile phone. and are familiar with this process because their mobile phones have a credit card integrated. The best thing about this technology is its speed and security because by simply moving the mobile phone closer to the sensor, the operation can be performed efficiently.

It is clear that what for many people is a faster and simpler technological innovation, for others may be another complication and technological adaptation of this new era in which we are moving towards a future that is advancing by leaps and bounds in terms of technology.

And many can feel, using this type of technology, like in the novel by Aldous Huxley.

Caixabank and BBVA have prepared this technology through their apps, which are available for both iOS and Android, although the installation and use processes may differ slightly from case to case. For example, on iOS, customers must link their card to Apple Pay Wallet through the BBVA app before they can use ATMs.