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Yes Bank And Ola Collaborate to Set up Mobile ATMs in 10 Cities

Ola riders will receive a code via  SMS and mail every time they book a cab, which can be availed  on the Gorb app or website to order food. 
(Image: File Photo: Getty)

Ola riders will receive a code via SMS and mail every time they book a cab, which can be availed on the Gorb app or website to order food. (Image: File Photo: Getty)

The service will be made available in over 30 locations across 10 cities, including Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata, Chandigarh, Ahmedabad, Hyderabad and Jaipur.

Yes Bank has partnered with Ola to set up Mobile ATMs and enable convenient cash withdrawals for citizens by swiping their Debit Cards (from any bank).

The service will be made available in over 30 locations across 10 cities, including Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata, Chandigarh, Ahmedabad, Hyderabad and Jaipur.

Customers can swipe their Debit Cards to withdraw an amount of up to Rs 2000 per card. This is enabled using PoS Machines available in Ola cabs stationed near Yes Bank branches across various locations in these cities.

This partnership is being done with an aim to ease the process of Cash Withdrawals for citizens across the country and provide seamless service to the customers with additional mobile infrastructure powered by Ola.

Speaking about the partnership, Rajat Mehta, Senior President & Country Head, Brand & Retail Marketing, Yes Bank, said, “We are happy to partner with Ola to bring cash to the customer within easy reach and provide seamless withdrawal facility using Yes Bank PoS machines”.

Raghuvesh Sarup, CMO & Head of Categories, Ola, added, “This is an important time for banking and mobility to come together and help people. Ola's fleet and technology strengths complement YES BANK’s service, and enable convenient cash withdrawals for people.”

Earlier, Yes Bank had announced waiver of MDR charges (Merchant Discount Rate) for all Debit Card transactions across RuPay, MasterCard and Visa platforms at all its Merchant locations, including online transactions up to December 30.

Ola is constantly providing its customers with new services, promoting cashless transactions. It recently launched ‘Ola Credit’ and ‘Ola Money’ to cater to the demonetization call.