Punjab National Bank partners with Ola to deploy Mobile ATMs in Kochi

Ola cabs with PNB ATM machines to be stationed at high footfall areas to help citizens withdraw cash conveniently 

Kochi, December 1, 2016: Ola, India’s most popular mobile app for transportation, today announced that it has partnered with Punjab National Bank (PNB) to aid cash withdrawals for the citizens of Kochi. The two-day activity, that serviced hundreds of citizens on day one (Nov 30), will take place again on Dec 2, 2016; and will visit areas like Infopark, MG Road, Panampilly Nagar and Kaloor.

PNB ATM Machine equipped Ola cabs will be visiting these areas with Ola volunteers and PNB executives, to assist people in withdrawing cash without any hassle. Over the last few weeks, Ola has rolled out similar activities for the citizens of Hyderabad, Kolkata and Bangalore, in partnership with other leading banks of the country.

Kiran Brahma, Business Head – South, Ola said, “Our large fleet of cars put us in a unique position to solve for the varied needs of this country. By bringing these mobile ATMs closer to citizens we are helping them save the effort of going all the way to a bank to meet their cash liquidity needs. The initiative has gained significant traction in Hyderabad and Kolkata, where thousands of citizens were able to withdraw cash conveniently. Ola is now proud to launch this drive in the city of Kochi, helping the city dwellers access new currency notes while also supporting the government’s endeavour to eradicate black money and fake currency.”

“It’s heartening that our bank could collaborate with companies like Ola to distribute cash to citizens of Ernakulam area at this hour of cash crunch. Ola has proven to be a great support and together, we will be able to effectively provide seamless cash withdrawal experience to benefit thousands of people in the city of Kochi.” added Susy George, Circle Head, Punjab National Bank, Kochi Division.

Ola is among the leaders in India using digital technology to enable convenience for consumers. With the recent launch of the postpaid service called ‘Ola Credit’ – a global first in the Industry – riders are allowed to take rides on credit and pay for them later. Ola Credit was introduced at a time when cash conservation was key to citizens. Ola Money is already amongst the top three digital wallets in India, facilitating one-touch payments and checkouts across a range of use cases like Travel, Food, Entertainment, E-commerce, Bill payments and easy fund transfers to friends and family – all in a secure and hassle-free environment.

About Ola:

Founded in Jan 2011 by IIT Bombay alumni Bhavish Aggarwal and Ankit Bhati, Ola (formerly Olacabs), is India’s most popular mobile app for personal transportation. Ola integrates city transportation for customers and driver partners onto a mobile technology platform ensuring convenient, transparent and quick service fulfillment. Ola is committed to its mission of building mobility for a billion people. Using the Ola mobile app, users across 102 cities can book from over 4,50,000 vehicles across cabs, auto-rickshaws and taxis.  Ola has also introduced a range of shared mobility services on its platform like Ola Shuttle and Ola Share for commute and ride-sharing respectively. The app is available on Windows, Android and iOS platforms. Please visitwww.olacabs.com andhttps://www.olacabs.com/media for more information.

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