Bangalore has launched a free service to help citizens find cashpoints nearest to them with CashNoCash.com. The crowdsourced site is supported by Quikr and Nasscom and has been conceptualized and developed by Manjunath Talwar and Abhijit Khasnis, Quikrites and co-founders of Hiree.
Based on crowdsourced information, the site helps users across India find the nearest ATM, bank or post-office to get insights on cash availability and waiting time in queues for cash exchange or withdrawal. It also offers users a chance to report this information back to the site thereby contributing to real-time updates at each mapped cash point.
"The scale of problem is humongous. The government and financial institutions are doing everything they can. This is our team's effort to help the cause by using technology and knowledge of the crowd. The support we’ve received is great, Quikr is a forward looking technology company and offers a stimulating and fertile environment for likeminded people", said Manjunath Talwar and Abhijit Khasnis, co-founders, Hiree (a Quikr company).
Sharing views on the need for such an initiative, Atul Tewari, COO, Quikr said, “The sheer volume of transactions has led to long queues at banks and ATMs and CashNoCash helps citizens find the nearest cash point with the shortest waiting time. The site offers a simple technology based solution that empowers people with information and I’m excited that a team of Quikrites has helped make this happen! We have always focused on India specific innovations across our multiple verticals such as doorstep, jobs and auto to make things easier for our users as they shift to the digital economy”
Ashok Madaravally, Director at NASSCOM 10,000 Startups said, “We have always been supporting of technology startups especially startups that are solving India's biggest pain points. We are excited to know and support that the Hiree team, an alumni startup from the NASSCOM 10,000 Startups program is solving this temporary but nevertheless pressing challenge of limited cash being available in the market.”