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

 PTI |  2016-12-01 22:09:55.0  |  Bengaluru

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. 



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