Cab aggregator Ola on Wednesday announced the launch of Ola Credit – a postpaid service that enables travellers pay later for their rides. The service, which is being launched in the backdrop of demonetisation, will give customers seven days of credit. According to a company release, under this service, customers 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 integrated into the app. The company claimed that Ola Credit enables hassle-free commute to key corporate clients and high-frequency customers together.
Raghuvesh Sarup, chief marketing officer & category head,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.”