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Punjab National Bank and SBI partners with Ola to Setup Mobile ATMs

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PNB pairs up with Ola to set up mobile ATMs:On Tuesday, Punjab National Bank (PNB) announced that it has teamed up with cab biggie Ola to provide seamless cash flow for the common people of Delhi and National Capital Region (NCR).

Deep Singh, Business Head, North, Ola, in a statement, said: “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.”

Punjab National Bank (PNB) ATM machine have been equipped in Ola Cabs and was stationed in Gurgaon, Laxminagar, Janakpuri, Civil Lines, AIIMS, Netaji Subhash Place, Manesar, Nehru Place, Bhikaji Cama Place, Mayur Vihar, Faridabad, Tilak Nagar, Rajouri Garden and Greater Kailash.

PNB and SBI Collaborated With Ola To Set Up Mobile ATMs:


The ATM machines will be volunteered by Ola volunteers and PNB executives assisting people to withdraw cash without any issues.  Just very recently, Ola announced its tie-up with Yes Bank.  With the partnership, it has provided mobile ATMs in cities like 10 major cities like Mumbai, Bengaluru, Chennai, Pune, Kolkata, Chandigarh, Ahmedabad, Hyderabad and Jaipur.

Rajesh Yaduvanshi, Zonal Manager, Delhi and NCR, Punjab National Bank said ‘though this activity, Ola has increased touch points to PNB’s existing network by creating more avenues for withdrawing money through micro ATMs/point of sales machines.’

Last month, Punjab National Bank and State Bank of India have come up with a new scheme together.  The two banks teamed up with Ola cab to set up mobile ATMs to address the cash crunch issue that people are facing after demonetization.

With this partnership, SBI and PNB set up mobile ATMs in Kolkata and Hyderabad where taxis with a bank officer and POS machine are parked at different locations.  It allowed the people to withdraw cash about Rs. 2000 per card.

In Kolkata, Ola has partnered with Punjab National Bank (PNB), whereas in Hyderabad, it has partnered with SBI and Andhra Bank.  The Ola cabs have been providing services to the people in popular areas of Hyderabad like KBR Park, JNTU, Inorbit Mall etc.

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