Cash rules

Hari Sivan is a former banker who founded a cash withdrawal company. He thinks we are not going cashless anytime soon.

It was 2008 and Hari Sivan felt like he was back on the cricket pitch at university. As a rookie in a bank, he had just scored the project of a lifetime: to build a spanking-new mobile banking product at a time when consumer banking ran on computers. The catch was that he had just three months to do it. “Everyone thought [I was] crazy,” he says. Everyone except his boss, who spoke to him with the same demeanour of his cricket team coach: “Focus, Hari, ignore the noise.”

The product he designed turned out to be a success. Now, Hari is turning his laser-like focus to building a start-up called soCash. His company wants to make it easier for consumers to obtain cash, moving against a cashless trend. soCash’s mobile application helps users who need cash to locate other users or merchants who exchange physical cash for a digital deposit.

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