Aceware, a fintech firm primarily based in Infopark, has launched a micro ATM service in affiliation with ICICI Bank.
The firm will convey a micro ATM to the shopper’s home and he/she will accumulate the cash by swiping the ATM card, Nimisha J Vadakkan, managing director at Aceware, mentioned.
Initially, the service will probably be out there in Kochi metropolis and the corporate has already recruited supply executives for rolling out the service. The firm is planning to increase the identical to all of 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 corporate, clients of all of the banks can avail themselves of the service. The firm will cost a payment from the shopper primarily based on the space for service supply.
The most withdrawal restrict is Rs 10,000, which is the restrict for different financial institution ATM withdrawals per transaction. However, the per day withdrawal restrict varies relying on the financial institution, mentioned firm officers.
Apart from the doorstep supply of cash, greater than 100 different companies, together with cash switch, invoice funds and recharges, land and constructing tax cost, bus, flight and film ticket reserving, start, death and marriage certificates, passport, PAN card, Fastag and insurance coverage companies can be found on the app, sources mentioned.