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‘AceMoney Micro ATM Service’

Published on December 15, 2020
Current Context: Aceware, a fintech company in partnership with ICICI Bank launched ‘Ace Money Micro ATM service’ in Kochi, Kerala.
‘AceMoney Micro ATM Service’
  • With the help of this facility, people will be able to withdraw the amount from their bank accounts from their home. 
  • This service will be availed by the customers of all banks.
  • The money withdrawn by this mechanism will be delivered within 30-40 minutes of placing the order at the doorstep of the customer.
  • Initially, the service is rolled out in Kochi, Kerala and will be extended to other cities of the state by Jan 2021.
  • To place the order for cash withdrawal by this ‘Ace Money Micro ATM service’, the customer will have to use the AceMoney app.
  • On placing the order, the delivery executive will visit the customer with a micro ATM. On swapping the ATM card and by entering PIN details, the money will be withdrawn.
  • Static Part: 
    • HQ of ICICI Bank: Mumbai
    • Tagline of ICICI Bank: Hum Hai Na, Khayal Aapka
    • MD and CEO of ICICI Bank: Sandeep Bakshi

Question: 

Q.1 In partnership with whom, Aceware launched ‘Ace Money Micro ATM service’ in Kochi, Kerala?
a. HDFC Bank
b. IDFC First Bank
c. ICICI Bank
d. Yes Bank
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