Published On : Tue, Dec 6th, 2016

Soon, Ola cabs will drive to your doorstep with cash

Bhavish Aggarwal, CEO and co-founder of Ola, an app-based cab service provider, poses in front of an Ola cab in Mumbai
New Delhi:
Extending their partnership, taxi aggregator Ola and private lender Yes bank are jointly working on a mobile solution wherein cabs will bring cash to your doorstep via micro ATMs powered by the bank.

“This is part of our commitment to serve as many customers as possible. We are working on a mobile solution with Ola, which means the cab will come to you to dispense money. We are in advance stages of closing out and are hopeful of launching the service in a week to 10 days maximum,” Rajat Mehta, Senior President & Country Head, Brand & Retail Marketing, Yes Bank said.

Yes Bank and Ola yesterday launched a mobile ATM service where customers of any bank can withdraw up to Rs 2,000 per card from PoS terminals from Ola cabs located near Yes Bank branch/ATM across 30 locations in 10 cities of the country.

“Right now, people have to come to the cab, here the cab will come to you. That will be another sort of customer experience we want to give to people. Through this, we will be able to reach a large customer base,” Mehta said, explaining the rationale behind it being customers are finding it difficult to stand in long queues before banks/ATMs for long when cash has become a scarce commodity.