1. Ola in drive to facilitate fund purchase by drivers, ties up with banks, oil firms

Ola in drive to facilitate fund purchase by drivers, ties up with banks, oil firms

In Bengaluru, Ola has partnered with Bharat Petroleum Corp (BPCL) to facilitate the process of obtaining fuel e-vouchers across all BPCL petrol pumps in the city.

By: | Updated: December 1, 2016 6:29 AM
Ola, fund purchase, oil firms, demonetisation, Aadhar Card, ICICI Bank In Bengaluru, Ola has partnered with Bharat Petroleum Corp (BPCL) to facilitate the process of obtaining fuel e-vouchers across all BPCL petrol pumps in the city. (Source: Express Photo)

Ride-sharing service Ola on Wednesday said it has partnered with leading banks and oil companies to help drivers fight the cash crunch faced post-demonetisation. In Bengaluru, Ola has partnered with Bharat Petroleum Corp (BPCL) to facilitate the process of obtaining fuel e-vouchers across all BPCL petrol pumps in the city.

“Thousands of driver partners have already availed this feature and have used these fuel e-vouchers issued by Ola to fill up fuel in a cashless manner. The activity kickstarted this weekend and will continue till end of December; and will also be implemented in other key cities,” company sources said.
Ola has also partnered with Axis Bank to set up mobile ATMs in its office to support driver-partners with cash withdrawals. Stationed at Ola’s office in Bengaluru, bank executives assisted Ola driver-partners with cash withdrawals through the mobile ATM machines.

Any driver-partner who had his Aadhaar card linked to his bank account was able to withdraw cash using this service.  In addition to this, Ola had also tied-up with ICICI Bank to facilitate cash conversion for the driver-partners in the past weeks until exchange was permitted, Ola sources said.

Karanveer Singh Shekhawat, vice president – operations at Ola, said, “Enabling easy cash availability has saved a lot of effort and time for our driver-partners without having to stand in long queues at banks or

ATMs, allowing them to serve more citizens in this time.”
He further added, “Aligned with the government’s Digital India mission, Ola has been tirelessly working towards helping hundreds of thousands of driver-partners across the country get access to digital financial benefits like bank accounts, payment cards, online transfer of earnings on a daily basis, to name a few.”

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