20 December 2016 Current Affairs: YES Bank, India’s fifth largest private sector bank has partnered with Ola, one of the popular mobile apps for transportation, to provide cash-on-demand at customer’s doorstep.
Customers will be able to use the Ola app to book a cab and opt for ‘cash at their doorsteps’ that will be enabled using Point-of-Sale (PoS) machines powered by YES Bank.
The bank, in a statement, said the service will be available across 10 cities — Mumbai, Delhi, Bengaluru, Chennai, Pune, Kolkata, Chandigarh, Ahmedabad, Hyderabad and Jaipur.
Users in these cities can request an on-demand cash withdrawal, right at their doorstep, by clicking on a special “YES Bank” icon that would be visible on the Ola App on December 20 from 11 a.m. to 3 p.m. “Customers can swipe their debit cards to withdraw an amount of up to ₹2,000 per card. This is enabled using PoS Machines powered by YES Bank available in Ola cabs which will drive down to the customer depending on his/her request; placed through the Ola app.