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Is it a car? Is it a taxi? Or is it an ATM? It’s just another <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> Cab fitted with ATM. 
 After petrol pumps, cash can now be withdrawn by swiping debit cards at select Ola cabs as India's largest ride-hailing service partners with lenders like <keyword id="6354731" type="CITY" weightage="20" keywordseo="State-Bank-Of-India">State Bank of India</keyword> (SBI) and <keyword id="62034" type="CITY" weightage="20" keywordseo="Punjab-National-Bank">Punjab National Bank</keyword> to ease cash crunch, according to a news report by an agency. 
 
With banks and ATMs not being able to cope with the rush for access to lower denomination or new currency after old Rs 500 and 1,000 notes were banned, cash dispensing through swipe of debit cards at POS machines was introduced at around 3,700 petrol pumps. 
 The same is being replicated by Ola on a test basis in its cabs in <keyword id="6354925" type="COMPANY" weightage="20" keywordseo="Kolkata">Kolkata</keyword> and Hyderabad where taxis with a bank officer and POS machine are parked at different locations and dispense cash of Rs 2,000 per card. 
 Ola Chief Operating Officer <keyword id="2904207" type="UNKNOWN" weightage="20" keywordseo="Pranay-Jivrajka">Pranay Jivrajka</keyword> told that the initial response has been tremendous and the company was exploring with banks to expand this service to other cities with cash being dispensed on the go rather than current experiment of cars being parked at a particular busy point. 
 In Kolkata, Ola has partnered with Punjab National Bank (<keyword id="47268" type="ORGANIZATION" weightage="20" keywordseo="PNB">PNB</keyword>), while for Hyderabad, it has collaborated with SBI and <keyword id="6358006" type="CITY" weightage="20" keywordseo="Andhra-Bank">Andhra Bank</keyword>. "The week-long activity, that is already servicing thousands of citizens, will continue till end of the month. It (cabs) will visit areas like Chandni Chowk Metro Station, Esplanade Metro, Barabazaar, Salt Lake, Exide and <keyword id="2668672" type="UNKNOWN" weightage="20" keywordseo="Rashbehari">Rashbehari</keyword> (in Kolkata)," he said. 
 Cars carrying POS machine are servicing citizens in popular areas in Hyderabad like <keyword id="184466" type="COMPANY" weightage="20" keywordseo="KBR">KBR</keyword> Park, JNTU, Inorbit Mall over the weekend, he added. 
 
"We are also looking at flagging off the programme in other key cities, including Delhi. The banks are providing on-ground executives to enable people withdraw cash seamlessly," he said. 
 
Following the government's move to scrap old Rs 500 and Rs 1,000 notes earlier this month, there have been serpentine queues at banks and ATMs as people lined up to withdraw valid currency. 
 
There have been demands for setting up more mobile ATMs across the country and also refilling them more often as there seems to be a crunch of liquid cash given the long queues. 
 
Ola, which has its mobile wallet service, claimed it has seen 1500 per cent growth in recharge of 'Ola Money'. 
"The number of trips paid in cash has certainly gone down. More people are now paying using digital platforms like Ola Money and credit/debit cards," he said.

You can now swipe
card and collect cash on Ola Cabs

Kolkata, May 6 () Owners of single-screen movietheatres in Kolkata are not very optimistic about the revivalof the ailing sector after the lifting of the lockdown, sayingthe pandemic has affected the concept of watching movies in agathering.However, they are hopeful that the movie theatres willretain their loyal audiences."We have to scale down our theatre's seating capacityby tweaking the arrangement of seats. We also have to stopscreening back-to-back shows to ensure that people do not bumpinto one another," Navin Chokhani, owner of Navina Cinema insouth Kolkata told .Chokhani also felt that movies meant for big screenscannot be released solely on over-the-top (OTT) platforms(streaming on the internet) as a section of the audience willreturn to the theatres after the return of normalcy."There have always been audiences who watch films onthe internet and people who rush to the nearby theatres.Producers will definitely keep that in mind," he said, inresponse to a query whether producers will opt for OTT if therelease of their films is delayed indefinitely due to theCOVID-19 outbreak.Arijit Dutta, owner of Priya Entertainments PrivateLtd that runs Priya Cinema on Rashbehari Avenue -- said theCOVID-19 outbreak has dealt a severe blow to the strugglingsingle screens and it will be difficult for them to make acomeback after the lockdown is lifted."When the halls reopen, social distancing has to beensured because of which show timings will have to be changedand releases will be fewer in number. It is difficult to saywhether running single screens will be even viable after allthis," Dutta said.He said the distribution business will suffer due tothe crisis which may lead to the emergence of other digitalmediums.Dutta felt the producers of medium-budget films mightgo for alternatives, OTT platforms included, if the impassecontinues as they have a lot of things at stake."We have to think of ways for sustenance asoverdependence on OTT will kill the single screens and theexisting distribution model," he said.Dutta, however, said he is not losing all hopes as hehas seen ups and downs in the sector during his long years inthe industry.Film distributor and hall owner Satadip Saha said 200single screens were operating in West Bengal before thelockdown, of which at least 60-70 may never open again afterthe lockdown is lifted.If major films are not released in cinema halls in thecoming days, the entire single screen sector will go into acomatose situation, a member of Eastern India Motion PicturesAssociation, the apex body of cinema halls and distributors inthe region, said.Suranjan Paul, owner of Minar, Bijali and Chhabigharmovie halls, however, hoped that screening of films in thetheatres cannot discontinue in the long run."The release of some films on the OTT platform can bean immediate response in the wake of the present situation dueto the lockdown but the quality of these screenings cannotmatch that of the big screens. Our loyal audience willdefinitely return once the situation normalises," he said.The Multiplex Association of India, in a statement,said, "We would like to urge all studio partners, producers,artistes and content creators to support the cinema exhibitionsector, a vital part of the value chain, by holding andreleasing their films in the theatres, once they open again.""We urge all studios, producers, artistes and othercontent creators to kindly respect the exclusive theatricalwindow, which has been a time-tested industry practice, agreedto by all stakeholders, not just in India but even globallyfor several decades," it said.The MAI hoped that after the crisis ends, thecombination of pent-up demand and promise of new movies willboost the film business and contribute to reviving theindustry."The collective, social experience of watching filmson the big screen needs to be preserved and it can be done soonly with the collective support of all the stakeholders," itsaid.A spokesperson of the association said, "We all hopethe crisis will end soon and people will return to thetheatres to watch movies on the big screens." SUSACD ACD

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You can now swipe card and collect cash on Ola Cabs

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