- Ola Money now usable at Mumbai Metro, Cafe Coffee Day, Oyo Rooms, Cleartrip and hundreds of merchants nationally
- Exclusive payment partner for RSRTC (Rajasthan State Road Transport Corporation)
- Ola acquires digital payment solution Qarth
Bangalore, March 22, 2016: Ola Money, the popular digital payment solution from Ola, India’s leading mobile app for transportation, today announced that it has partnered with Mumbai Metro, which will enable commuters to recharge their prepaid metrocards by using the Ola Money app. Ola Money is also the exclusive digital payment partner for RSRTC- the Rajasthan State Road Transport Corporation, where users booking tickets online on http://rsrtc.rajasthan.gov.in/ or offline during their bus ride, can pay using Ola Money.
The Ola Money app can also be used for prepaid mobile phone recharge across all network operators in India and for sending money to friends and family within minutes. Additionally, Ola Money has recently partnered with Cafe Coffee Day, Cleartrip and Stayglad over and above existing partners like OYO Rooms, Healthkart, Doormint and hundreds of merchants, both online and offline to enable payments for customers using Ola Money. These partnerships will allow Ola users, who already maintain a significant balance in their Ola Money accounts, to pay with one touch at a wide range of merchants. With millions of customers on its platform, Ola Money is already one of the top mobile wallets in the country by average size of wallet.
Ola has also acquired Chennai based Qarth Technologies Pvt. Ltd., an IIT Madras incubated startup that offers a multi bank IMPS mobile solution. The founders and the team of Qarth will join the Ola Money team to further build cutting edge solutions to provide a seamless payment experience for users. The payments space is fast evolving and Ola is investing considerably on building digital payment solutions that will help create a seamless experience for users and merchants.
Pallav Singh, SVP & Head – Ola Money said, “We are proud to partner with Mumbai Metro to offer a unique new way of recharging metro-cards, coming closely on the heels of our partnership with one of the first state transportation agencies, RSRTC. We are thrilled about the possibilities that emerge for our customers who use Ola Money across a wide range of merchants online and offline. With the acquisition of Qarth, we are also making significant technology investments to build forward looking digital payment solutions for the ecosystem.”
Ola Money as a digital payment solution is uniquely placed with high frequency usage and recharge by users given the primary use case of the wallet. The Ola Money experience allows users to pay with a seamless, one-touch checkout in a secure environment even outside the Ola platform.
About Ola:
Founded in Jan 2011 by IIT Bombay alumni Bhavish Aggarwal and Ankit Bhati, Ola (formerly Olacabs), is India’s most popular mobile app for personal transportation. Ola integrates city transportation for customers and driver partners onto a mobile technology platform ensuring convenient, transparent and quick service fulfilment. Ola is committed to its mission of building mobility for a billion people. Using the Ola mobile app, users across 100+ cities can book from over 200,000 vehicles, including cabs, auto-rickshaws and Kaali-Peeli taxis in Mumbai. The app is available on Windows, Android and iOS platforms. Ola recently acquired TaxiForSure, India’s second largest cab aggregator, which continues to operate as an independent brand. Please visit www.olacabs.com for more information.