Cash crunch: Ola partners with leading banks, oil and gas cos

Cab aggregator Ola on Wednesday announced that it has joined hands with leading banks and oil and gas companies to help driver-partners fight cash crunch post demonetisation of high value currency notes.

In Bengaluru, Ola has partnered with BPCL to facilitate the process of obtaining fuel e-vouchers across all BPCL petrol pumps in the city, Ola said in a statement here.

Thousands of driver partners have already availed this feature and used these fuel e-vouchers issued by Ola to fill-up petrol/diesel 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, it said. Apart from making fuel e-vouchers available for driver-partners, Ola has partnered with Axis Bank to put up mobile ATMs in its office to support driver-partners with accessible cash withdrawals, it said.

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.