YES Bank partners with Ola to set up Mobile ATMs in 10 cities including Ahmedabad

Ahmedabad: Amid the ongoing cash-crunch caused by demonetization, YES BANK, India’s fifth largest private sector Bank, has partnered with Ola, the mobile app based cab provider to set up Mobile ATMs and enable convenient cash withdrawals for citizens by swiping their Debit Cards (from any bank) in over 30 locations across 10 cities including Ahmedabad.

The service will be made available in over 30 locations across 10 cities, including Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata, Chandigarh, Ahmedabad, Hyderabad and Jaipur. Customers can swipe their Debit Cards to withdraw an amount of up to Rs 2000 per card. This is enabled using PoS Machines available in Ola cabs stationed near YES BANK branches across various locations in these cities.

Rajat Mehta, Senior President & Country Head, Brand & Retail Marketing, YES BANK, said, earlier, YES BANK had announced waiver of MDR charges (Merchant Discount Rate) for all Debit Card transactions across RuPay, MasterCard and Visa platforms at all its Merchant locations, including online transactions up to 30th December. MDR is the fee charged to the merchant by the Bank for providing card acceptance services. The waiver of MDR will facilitate greater acceptance of Debit Cards by the Merchants thereby resulting in greater use of cards by customers as their preferred payment method.

DeshGuujarat