摘要 |
The present disclosure envisages a computer implemented system and method for facilitating cardless transactions between a customer device and a cash-dispensing-receiving machine. The system is accessible via a communication network and there are provided two types of interfaces namely, a cash machine interface and a customer interface. The cash-dispensing-receiving machines are registered with the system with respect to it's association with a financial institution. The cash machine interface is installed and executed on the cash-dispensing-receiving machine and the customer interface is installed and executed on the customer device. The customer initiates the transaction by requesting for a One Time Password (OTP) via a communication network. A transaction server of the system receives the request from the customer device and generates the OTP for the transaction. The customer transmits the OTP received from the transaction server to the cash-dispensing-receiving machine for the purpose of completing the initiated transaction. |