Ola Money now usable for online payments at select merchants

• Ola Money, along with enabling cashless payments on the Ola app, can now be used to pay on popular online platforms like Oyo Rooms, Lenskart, Saavn and more
  
• One touch checkout experience- most convenient and fully secure, made possible with Ola Money
  

Bangalore: Ola, India’s most popular mobile app for personal transportation today announced that Ola Money can now be used across a host of merchants online, outside of Ola’s offerings. This move will allow Ola users who already maintain a significant balance in their Ola Money accounts, to pay conveniently on a wide range of leading e-commerce platforms. With over 20 million customers on its platform, Ola Money is already one of the top 3 mobile wallets in the country by transaction volume. With Ola Money, customers can use the balance saved in their mobile wallet to shop for a variety of products and services across leading merchants like Oyo Rooms and a select other partners. More merchants like Lenskart and Saavn will be active soon.

The expansion of Ola Money as a digital payment solution enlarges the scope of its wallet, which sees high frequency usage and recharge from Ola’s user base. With Ola Money, customers can now do more, with a seamless, one-touch checkout experience in a secure environment, even outside the Ola platform. This takes away the hassle of one time passwords and multi layer authentications that one encounters with other payment options available today. A wide range of merchants like Oyo Rooms, Saavn, Lenskart, on the other hand, get to tap into Ola’s active wallet base with an average wallet balance of over Rs.1000, which is far higher than the industry’s, given the higher ticket size of an average ride. Ola Money is the most preferred payment option across Ola’s transportation offerings spanning cabs, autos and kaali-peeli taxis as well as the the company’s mobile-only hyperlocal ventures in food delivery, OlaCafé and OlaStore.

Rushil Goel, Head - Ola Money said, “Payment is a significant element in any transaction in the digital world today. Ola Money was built to create a seamless payment experience for every request on our platform and is the most preferred mode of payment by a majority of our users today. By taking this experience to more merchants, we are enabling our users to do more with Ola Money and helping merchants gain access to one of the most convenient payment experiences we know of today. We are excited to introduce Ola Money in its new avatar to our users and welcome leading merchants who want to benefit from this solution.”

Anurag Gaggar, VP, Product Management at Oyo Rooms said, “We are always excited to partner with companies who drive high quality engagement - Ola is one such entity. We are happy to be one of the first few partners on Ola Money. Our firm belief is to become a loved and trusted hotel brand and to provide our guests seamless end to end experience. Ola Money, we think is an important aspect of this seamlessness and extending it to be used as a payment solution on platforms like ours will give users more choice and convenience with a wallet they are already familiar with and use everyday. The sheer convenience of checking out with one touch from their phones, makes the Ola Money payment experience top notch. We are delighted to partner with Ola, in these aspects, and we hope to carry the relationship to greater heights"

Ola Money users will stand to benefit from promotions in the form of cashbacks and discounts from merchants in the initial phase of rollout. More information is available on a dedicated website: www.olamoney.com.