Fintech company Aceware Technologies has partnered with ICICI Bank to launch doorstep ATM service in India in the wake of the ongoing Covid-19 pandemic.
The firm has launched the ‘Ace Money Micro ATM service’, in association with ICICI Bank, to enable cash withdrawals at home.
Go deeper with GlobalData
Customers can now order money using the Ace Money app. The cash will be delivered to them at their doorstep within 30-40 minutes.
The service is enabled for all bank customers, the company said.
Initially, it will be available for customers residing in the Kochi city of Kerala, where Aceware has already hired delivery executives.
The delivery partners will carry a micro-ATM machine, which the customers can use to withdraw cash.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe fintech firm is planning to roll out the service across the state by next month.
Aceware MD Nimisha Vadakkan said: “People can place the order for withdrawing money by sitting at their home.
“A delivery executive will visit the customer with a micro-ATM and the customer can collect the money after swiping the ATM card at the machine and entering the PIN number.”
Vadakkan added that micro-ATM cash withdrawal service is particularly useful for people above 60 years of age.
Customers can withdraw up to INR10,000 per transaction. However, the daily withdrawal cap will vary depending on the bank, Aceware said.
In addition to the doorstep cash delivery service, Aceware is offering over 100 other services.
This includes money transfer, bill payments and recharges, land and building tax payment, bus, flight and movie ticket booking, birth, death and marriage certificates, passport, pan card, FASTag and insurance services, and more.
