How it works?
KVIKO is a mobile payment application enabling banks' beneficiaries to have a card-free cash withdrawal on ATMs.
KVIKO Application functions in a very simple manner. The sender, who should have open current account in BBI Bank or ASA Bank, should install KVIKO app on its phone. By using this application, you can select the amount of funds that should be sent to recipient in a few steps, generating a unique code. Generated code is sent to the cash recipient using SMS or any other communication channel (Viber, WhatsApp or Facebook). The recipient shall enter the code on the ATM keyboard and withdraw cash determined by the sender.
Using this code, you don't need to have a card or account in the bank in order to withdraw cash from the ATM. You should only enter the code you received at the ATM and take over the amount sent by the code sender. Moreover, you don't need to have open account in the bank in order to withdraw cash.