War on black money: This app can help you find an ATM that actually has cash!
The app is now available for download on iOS and Android.
Following demonetization of Rs 500 and Rs 1000 notes in India, citizens all day have been queuing outside banks and ATMs to have access to their own money. As this news broke out over night, banks have not had the chance to prepare themselves with an extra dosage of liquid cash. This has resulted in a serious shortage of notes, which in turn is causing a great deal of trouble for Indians all over the country.
Luckily, we now have an app which will save the day. Pune-based money management and payment service Walnut has launched a new feature for its mobile app that will allow users to find a working ATM with cash. However, the app might not always give an accurate picture of the current scenario and could pose a privacy risk.
Here’s how it works
This feature, Find an #ATMwithCash, opens in Google Maps which shows all the ATMs in your vicinity, with, or without cash. A report by Mint explains that the app tracks the transaction records on the smartphones to figure out which ATM is functional and has cash, across the country. Once the user has withdrawn cash, the app will ask them to fill in details about the length of the queue at the ATM they used. According to the report, the app will highlight working ATMs that have long queues with a red pin, short queues with an orange pin and non-functional ATMs with a grey pin. Users can also share these details with friends and family, on social platforms such as Facebook and WhatsApp.
Amit Bhor, Co-Founder and CEO, Walnut said, “In light of the recent announcements to fight black money and the hardships faced by many Indians, we thought that we should do our bit to make finding active ATMs simple. Walnut app crowd sources information across millions of users and helps everyone find an #ATMwithCash in real-time and with queue information.”
The app is now available for download for iOS and Android
Following demonetization of Rs 500 and Rs 1000 notes in India, citizens all day have been queuing outside banks and ATMs to have access to their own money. As this news broke out over night, banks have not had the chance to prepare themselves with an extra dosage of liquid cash. This has resulted in a serious shortage of notes, which in turn is causing a great deal of trouble for Indians all over the country.
Luckily, we now have an app which will save the day. Pune-based money management and payment service Walnut has launched a new feature for its mobile app that will allow users to find a working ATM with cash. However, the app might not always give an accurate picture of the current scenario and could pose a privacy risk.
Here’s how it works
This feature, Find an #ATMwithCash, opens in Google Maps which shows all the ATMs in your vicinity, with, or without cash. A report by Mint explains that the app tracks the transaction records on the smartphones to figure out which ATM is functional and has cash, across the country. Once the user has withdrawn cash, the app will ask them to fill in details about the length of the queue at the ATM they used. According to the report, the app will highlight working ATMs that have long queues with a red pin, short queues with an orange pin and non-functional ATMs with a grey pin. Users can also share these details with friends and family, on social platforms such as Facebook and WhatsApp.
Amit Bhor, Co-Founder and CEO, Walnut said, “In light of the recent announcements to fight black money and the hardships faced by many Indians, we thought that we should do our bit to make finding active ATMs simple. Walnut app crowd sources information across millions of users and helps everyone find an #ATMwithCash in real-time and with queue information.”
The app is now available for download for iOS and Android
Source:dnaindia
War on black money: This app can help you find an ATM that actually has cash!
Reviewed by MRUVIE
on
10:20:00 PM
Rating:
Reviewed by MRUVIE
on
10:20:00 PM
Rating:
