Ola Partners SBI, PNB for setting up Mobile ATM

Ola Partners SBI, PNB for setting up Mobile ATM, India’s largest ride-hailing service Ola cabs has tied up with lenders like State Bank of India (SBI) and Punjab National Bank (PNB)to set up mobile ATM in the cab to help people withdraw cash easily. Ola will first introduce the service on test basis in its cab in Kolkata and Hyderabad where the taxis with POS machine and a bank officer will be parked at

different locations and an amount of Rs. 2,000 can be withdrawn per card.

iii. In Kolkata, Ola has partnered with Punjab National Bank (PNB), while in Hyderabad, it has collaborated with SBI and Andhra Bank.

iv. In Kolkata the cabs will visit areas like Chandni Chowk Metro Station, Esplanade Metro, Barabazaar, Salt Lake, Exide and Rashbehari. While in Hyderabad the service is available at places like KBR Park, JNTU, Inorbit Mall.

v. The already running experimental service is started for a week and will continue till

vi. Ola Chief Operating Officer Pranay Jivrajka said that the company aims to expand the service to other cities such as Delhi with cash being dispensed while the cab is in motion rather than current experiment of cars being parked at a particular busy point.