Yes Bank, Punjab National Bank partner with Ola to deploy mobile-ATMs

Customers can swipe debit cards to withdraw an amount of up to Rs. 2,000 per card

Yes Bank, Punjab National Bank partner with Ola to deploy mobile-ATMs

In a bid to provide slight relief for customers amid financial chaos due to demonetisation, private-run bank, Yes Bank on Monday announced that it will partner with cab aggregator Ola to set up mobile ATMs and enable convenient cash withdrawals by swiping debit cards from any bank.

Yes Bank, in a statement, said the service will be made available in over 30 locations across 10 cities, including Mumbai, Delhi, Bengaluru, Chennai, Pune, Kolkata, Chandigarh, Ahmedabad, Hyderabad and Jaipur.


"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," said Rajat Mehta, Senior President and Country Head, Brand and Retail Marketing, Yes Bank.

Customers who wish to withdraw cash can swipe debit cards to withdraw an amount of up to Rs. 2,000 per card. This is enabled using PoS machines available in Ola cabs stationed near Yes Bank branches across various locations in these cities.

"This is an important time for banking and mobility to come together and help people," added Raghuvesh Sarup, Chief Marketing Officer and Head of Categories, Ola.

Punjab National Bank also announced a partnership with cab aggregator Ola to aid cash withdrawals for the citizens of Delhi and the National Capital Region (NCR).

“Through the extensive network of Ola cabs present across the state, we are able to bring these mobile ATMs closer to citizens, saving them from the hassles of cash withdrawals,” said Deep Singh, business head (North), Ola, in a statement.

PNB ATM machine equipped Ola cabs have been stationed in Gurgaon, Laxmi Nagar, Janakpuri, Civil Lines, AIIMS, Netaji Subhash Place, Manesar, Nehru Place, Bhikaji Cama Place, Mayur Vihar, Faridabad, Tilak Nagar, Rajouri Garden and Greater Kailash, with Ola volunteers and PNB executives, to assist people in withdrawing cash without any hassle.