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Barista Lavazza and Visa have joined hands to launch cash at PoS – a cash withdrawal facility at the point of sale in a retail store. This will enable all Visa debit cardholders to not only pay for their coffee and snacks but also withdraw cash at over 170 Barista Lavazza outlets located across the country.
As per RBI guidelines, Visa Debit cardholders can withdraw an amount of upto Rs 1,000 in a day, at any Barista Lavazza outlet. A press release says that cardholders can walk up to a Barista Lavazza café; swipe their debit card for their cup of coffee or any other meal and withdraw an amount that they may require. There will be no charges levied on the cardholder for the cash withdrawal transaction. Further, cardholders are not obliged to make a purchase to get cash.
The service is currently rolled out in Delhi NCR & Mumbai. It will be extended to other parts of the country over the next few weeks.
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