Ola Teams Up With SBI and PNB


After petrol pumps, money can now be withdrawn back by swiping debit cards at select Ola cabs as India's biggest ride-hailing service partners with lenders specialists like State Bank of India (SBI) and Punjab National Bank to ease money crunch.

With banks and ATMs not having the capacity to adapt to the scramble for access to lower category or new currency after old Rs. 500 and 1,000 notes were banned, money apportioning through swipe of check cards at POS machines was presented at around 3,700 petrol pumps.

The same is being repeated by Ola on a test premise in its cabs in Kolkata and Hyderabad where taxis with a bank officer and POS machine are stopped at various areas and administer money of Rs. 2,000 for each card.

Ola Chief Operating Officer Pranay Jivrajka told PTI that the underlying reaction has been gigantic and the organization was investigating with banks to grow this support of different urban communities with money being apportioned on the go as opposed to current analysis of autos being stopped at a specific occupied point.

In Kolkata, Ola has banded together with Punjab National Bank (PNB), while for Hyderabad, it has teamed up with SBI and Andhra Bank.

"The week-long action, that is as of now adjusting a large number of nationals, will proceed till end of the month. It (taxicabs) will visit ranges like Chandni Chowk Metro Station, Esplanade Metro, Barabazaar, Salt Lake, Exide and Rashbehari (in Kolkata)," he said.

Autos conveying POS machine are overhauling residents in well known territories in Hyderabad like KBR Park, JNTU, Inorbit Mall throughout the end of the week, he included.

"We are likewise taking a gander at hailing off the program in other key urban areas, including Delhi. The banks are giving on-ground officials to empower individuals pull back money consistently," he said.

Taking after the administration's turn to scrap old Rs. 500 and Rs. 1,000 notes recently, there have been serpentine lines at banks and ATMs as individuals arranged to pull back legitimate cash.

There have been requests for setting up more versatile ATMs the nation over furthermore refilling them all the more regularly as there is by all accounts a smash of fluid money given the long lines.

Ola, who has its portable wallet benefit, asserted it has seen 1500 for each penny development in energize of 'Ola Money'.

"The quantity of treks paid in real money has surely gone down. More individuals are currently paying utilizing computerized stages like Ola Money and credit/check cards," he said.