Aceware a fintech company based in Infopark has launched the Ace Money Micro ATM service in Kochi. This is the first of the kind available service in Kochi.
The plan is to expand the service to all municipalities in the state by January 2021. The customers can place the order for money on the Ace Money app, which can be downloaded from the Google Play Store or the App Store.
Within 30-40 minutes of placing the order, the money will be delivered at the customer’s doorstep. Customers of all banks can avail of the service.
The maximum withdrawal limit is the same as that of any other ATM, which is Rs 10,000 per transaction. However, the per day withdrawal limit varies depending on the bank, the company officials said.
“A delivery executive will visit the customer with a micro ATM. The money can be collected after swiping the ATM card and entering the PIN,” said Nimisha J Vadakkan, Managing Director, Aceware.
The service will be especially useful for people aged above 60, as they can now withdraw money without visiting a bank or an ATM, she added. Aceware is rolling out the micro ATM service in association with the ICICI Bank.