Update: Ola, has also partnered with Punjab National Bank (PNB) to deploy mobile ATMs in Delhi NCR locations. PNB’s PoS machines equipped in Ola cabs are stationed in areas like Gurgaon, Laxminagar, Janakpuri, Civil Lines, AIIMS, NSP, Manesar, Nehru Place, Bhikaji Cama Place, Mayur Vihar, Faridabad, Tilak Nagar, Rajouri Garden and Greater Kailash. Ola volunteers and PNB executives will be present on spot to assist people with withdrawals YES Bank has tied up with Ola Cabs to deploy Mobile ATMs in 10 cities including Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata, Chandigarh, Ahmedabad, Hyderabad and Jaipur. The company said in a statement that the cabs will be deployed across 30 YES Bank locations in these 10 cities. It is also not clear if a user can order these cabs and travel in them, or if the cabs are meant just for banking purpose. MediaNama has written to the companies for clarification. Users can swipe their cards Point of Sale (PoS) counters fitted in Ola cabs stationed near YES Bank branches across various locations in these cities. The machine connect to a bank’s secured server to debit the amount from the user. Bank officials or the driver will be present on the spot to disperse the debited amount to the user. Note that withdrawals are however limited to Rs 2000 per card. Rise of mobile ATMs post demonetization Currently there are several initiatives led by banks, payment companies, etc. to modify PoS machines as an ATM to withdraw and even deposit money. Yesterday,…
