“Cash On Wheels” Yes Bank’s Collaboration With With Ola, Result Of Demonetization

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cash-on-wheels-service-by-yes-bank-and-ola

Our Honorable Prime Minister Shri Narendra Modi’s attempt to constrain black money, corruption, circulation of fake currency and terror funding has proved a major boost for people to use digital currency transactions but at the same time, there are lot other complications that common people are facing in their each and every day’s life. This sudden announcement has surprised the entire Nation and have put a full stop to all the cash transactions for a while or may be for long until or unless you get the new denominations of Rs. 500 and Rs. 2,000 notes. However, the problems due to this sudden change in the Indian currency are still on but on the other side, people are finding new ways to deal with it. We can easily see the impact of demonetization more or less in every field and on every business whether it’s e-commerce (which provides you the cash on delivery option) retail stores, transportation are few of them. People who use to travel by cabs, buses and trains are now facing the biggest problem due to this demonetization. You get to see boards outside Banks and ATM’s with “No Cash”, ” No Withdrawals” are common these days, not to talk about the ATM’s which did not open at all.

cash-on-wheels-service-by-yes-bank-and-ola
cash-on-wheels-service-by-yes-bank-and-ola

Country’s one of the cab service provider company has been collaborating with various banks since demonetization was imposed by the government. While the problem is still there for the cash in your area OLA is providing you the facility of Mobile On Wheels for quite some time now. OLA has teamed up with some financial institutions Like Punjab National Bank, State Bank Of India and Andhra Bank to provide mobile ATM service in Kolkata and Hyderabad. Also, this time the transportation gigantic has teamed up with Yes Bank and is facilitating the service in as many as ten cities of the Nation and those are: New Delhi, chennai,Pune, Kolkata, Mumbai, Ahmedabad, Chandigarh, Jaipur and Hyderabad. OLA’s this facility of ‘cash on wheels’ will be available from December 5, 2016 from 11am to 4pm at the various locations in these cities. Customers can swipe their Debit Cards to withdraw an amount of Up to Rs. 2,000 per Card.This will be done using PoS Machines available in OLA cabs stationed near Yes Bank Branches. Yes Bank is India’s fifth largest private sector bank which has associated with OLA, which is India’s most popular mobile application for transportation to set up mobile ATM’s and enable convenient cash withdrawals for citizens. Rajat Mehta, senior President and Country Head, Brand and retail Marketing, Yes Bank, and Raghuvesh Sarup, CMO and Head of Categories, OLA, said that they both are happy with this association to help the common people.

 

 

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