...........Muthoot Finance has also requested the RBI to allow it to launch a special card to take care of remittances, under which a receiver could be able to make use of ATMs to withdraw transfered amounts, Mathai said. Explaining the proposal, he said "anybody can send money into the card and it can be withdrawn by the beneficiary from an ATM," and added this will be applicable for both the domestic and international remittances
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