Singapore-based OCBC Bank announced the rollout of ATM technology that allows customers to withdraw funds using the OCBC Pay Anyone app that works by scanning QR codes without the need for a debit card or PIN code. 

The Pay Anyone app slashes the transaction time from about 80 seconds to about 45 seconds and authenticates identity using a fingerprint, facial recognition or mobile banking credentials, according to a company release. 

"As we accelerate our drive to go cashless, we also recognize that ATMs are still an essential and frequently used touchpoint for our customers,” Aditya Gupta, head of digital business, Singapore and Malaysia at OCBC Bank, said in the release. "Increasingly, more of these customers are getting familiar with and scanning QR codes to pay, and we wanted to bring them the same ease, speed and security when they get cash at our ATMs.”

The app also allows customers to make payments to merchants and send P2P payments to friends and family. 

Cover photo: OCBC Bank.