Acemoney Market Share Analysis for July 2026

Aimed at enabling withdrawal of money from a bank account from the comfort of home, Aceware, a fintech company based at Infopark, has launched Ace Money Micro ATM service in Kochi. Initially, the service will be available in Kochi city, and the company has already recruited delivery executives for rolling out the service. The company is planning to expand the service to all the municipalities in the State by January 2021. Customers can place the order for money on Ace Money app. “People can place the order for withdrawing money by sitting at their home. A delivery executive will visit the customer with a micro-ATM and the customer can collect the money after swiping the ATM card at the machine and entering the PIN number,” said Nimisha J Vadakkan, Managing Director, Aceware. The maximum withdrawal limit is ₹10,000, which is the limit for other bank ATM withdrawals, per transaction. However, the per-day withdrawal limit varies depending on the bank, said the company officials. More than 100 other services, including money transfer, bill payments and recharges, land and building tax payment, bus, flight and movie ticket booking, birth, death and marriage certificates, passport, pan card, Fastag and insurance services are available on the app