A free service CashNoCash.com has been launched to help cash-strapped citizens locate the nearest functioning ATM, bank branch or post office. 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 website 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 the 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,” said Manjunath Talwar and Abhijit Khasnis, co-founders of Hiree - a Quikr company.
“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,” said Atul Tewari, COO, Quikr.
Notably, in less than 24 hours since its launch, the CashNoCash.com received an overwhelming response. Khasnis said that more than 8,000 locations or cash points have been updated so far and the number is increasing rapidly.