At a time when cash conservation is important for many in India. Ola Credit will give customers 7 days of credit so they can keep booking Ola cabs without worrying about having sufficient cash.
Ola, India’s largest mobile app for transportation, announced the launch of Ola Credit – a unique postpaid service to enable hassle-free mobility to citizens who can now pay later for their rides.
Ola Credit will give customers 7 days of credit so they can keep booking Ola cabs without worrying about having sufficient cash. Ola Credit can be repaid via net banking, debit or credit cards easily through the widely accepted Ola Money e-wallet which is any way integrated into the app.
Raghuvesh Sarup, Chief Marketing Officer and Category Head at Ola said, “Ola Credit is a global first from Ola to keep India moving towards a cashless economy. Ola Credit provides hassle-free mobility to citizens who can now pay later for their rides when cash conservation is important for many citizens. Our deep commitment towards the Indian market, combined with our experience in payment technology helps us to contribute to a digitally enabled India. Mobility is an everyday use case and our commitment to making it seamless includes building a frictionless payment experience. Credit is an important step towards our goal of ensuring mobility for a billion Indians.
Ola’s popular e-wallet – Ola Money is already one of the most preferred modes of payment, after cash and with Ola Credit, millions of Indians will experience cashless transactions for their mobility needs and beyond.
How does Ola Credit work?
A customer can select ‘Ola Credit’ as their payment option while booking a ride. A user can avail cashless rides basis there usage and settle dues as per his/her convenience, within a week. The 7-day credit cycle begins from the date of the first credit ride. A customer will be able to clear dues using Ola Money, within the credit period. Ola extends credit to users on a select basis, on customer’s transaction history.