Withdrawal Designee Designation Service

Advanced Project
1 min readFeb 16, 2024

First introduced withdrawal method for Unbanked, it is a solution that allows family members, friends, etc. within a country or live abroad to receive cash withdrawal on behalf of the user him/herself. Designated designee can withdraw cash without a bank account, and the withdrawal designee does not need to have a smartphone or app installed, and the fee is also much lower than banks. When a user registers a withdrawal designee, an SMS verification code is sent to the registered designee, and registration is completed once the designee completes the SMS verification. Enter the withdrawal amount. Select between withdrawal by yourself or withdrawal by designee that has been registered in advance. A withdrawal code will be sent to the designated designee. After receiving the withdrawal code, designee searches from the ‘Find Merchant’ function of TIER for a merchant that provides cash withdrawal service. Designee visits the merchant that allows cash withdrawal. Designee submit the withdrawal code to the merchant and receive cash

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