Launches feature to help find an #ATMwithCash near you
Mumbai, November 15, 2016: Walnut, India’s leading personal finance management app, has launched a new feature that allows users to find a working #ATMwithCash, by tracking aggregate ATM withdrawals across India in real time.
Having access to cash is vital in situations such as a medical emergency, or in cases where electronic payments are not possible. However, accessing cash via ATMs has become a very cumbersome process with ATMs running out of cash and people having to wait in long queues for several hours.
Walnut will track the ATM usage of its 1.8+ mn users to help people across the country find a functional ATM with cash near them. Every time a Walnut user visits an ATM successfully, the app will will prompt the user for details on the queue status at the ATM. The feature allows users to help fellow Indians by sharing this information on WhatsApp and social media platforms such as Facebook, Twitter, etc.
The new feature will showcase:
– ATMs with cash with a short queue are denoted by a green pin
– ATMs with cash with a long queue are denoted by a red pin
– ATMs with no cash/unknown activity status are denoted by a grey pin
Commenting on the announcement Amit Bhor, Co-Founder and CEO, Walnut said, “At Walnut, as a personal finance app, we have always believed our key objective is to Make Money Simple. 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. When Walnut users transact at an ATM, they can choose to share information and this helps everyone around them. In addition, as many of us are using our debit and credit cards more it becomes difficult to track spends. Walnut helps by automatically tracking all your expenses.”
Image: Walnuts tracks an ATM transaction alert. User can enter details of queue length.
Image: Share the location & area of a functional ATM
Walnut ,is a personal finance management app headquartered in Pune. Founded in 2014, Walnut allows user to automatically track spends, bank and card balances, P2P & bill payments and split expenses without the need of bank passwords. It enables the user to effortlessly keep a tab on their money using technology in mobile & machine learning from SMS & other data sources. The platform is available to users on the Android and IoS platforms.