Aceware, a fintech corporation primarily based in Infopark, has launched a micro ATM service in association with ICICI Bank.
The corporation will bring a micro ATM to the customer’s property and he/she can gather the cash by swiping the ATM card, Nimisha J Vadakkan, managing director at Aceware, mentioned.
Initially, the service will be obtainable in Kochi city and the corporation has currently recruited delivery executives for rolling out the service. The corporation is arranging to expand the similar to all the municipalities in Kerala by January, she mentioned.
“The customers can place the order for money on the Ace Money app, which can be downloaded from Google Play Store and App Store. The money will be delivered at the doorstep within 30-40 minutes after the order is placed,” she mentioned.
According to the corporation, prospects of all the banks can avail themselves of the service. The corporation will charge a charge from the buyer primarily based on the distance for service delivery.
The maximum withdrawal limit is Rs 10,000, which is the limit for other bank ATM withdrawals per transaction. However, the per day withdrawal limit varies based on the bank, mentioned corporation officials.
Apart from the doorstep delivery of cash, more than one hundred other services, which includes cash transfer, bill payments and recharges, land and developing tax payment, bus, flight and film ticket booking, birth, death and marriage certificates, passport, PAN card, Fastag and insurance coverage services are obtainable on the app, sources mentioned.