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Ola Credit Postpaid Service Launched, Lets s Pay for Rides Later

Ola Credit Postpaid Service Launched, Lets s Pay for Rides Later 1h2g49

By Ketan Pratap | Updated: 16 November 2016 18:03 IST

Highlights

With Ola Credit, s will be able to take cashless ride
s will have to opt Ola Credit as payment option while booking a ride
Ola clarifies that it will extend credit to s on transaction history

ment

The company says that the service is being launched in India at a time when "cash conservation is important for many citizens," referring to the cash crunch caused by demonetisation. Ola also clarifies that it will extend credit to s on a select basis, which will depend on customer's transaction history. The new Ola Credit will offer consumers credit for seven days where they can book Ola cabs without the hassle of maintaining sufficient cash. Consumers can repay Ola Credit via net banking, debit or credit cards through the integrated Ola Money e-wallet.

Ola customers can select 'Ola Credit' as their payment option while booking a ride. The cashless rides can be settled by customer within a week. The seven-day credit cycle will begin from the date of the first credit ride. The company clarifies that customers will be able to clear dues using Ola Money, within the credit period.

Announcing the new feature, Raghuvesh Sarup, Chief Marketing Officer and Category Head, said, "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."

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Further reading: Cashless

Ketan Pratap

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Ketan Pratap is the editor at Gadgets 360 - with over 12 years of experience covering the technology domain. With a breadth and depth of knowledge in the field, he's done extensive work across news, features, reviews, and opinion pieces. But what's truly inspiring about Ketan is how he spends his free time. He's often found gazing at snow-capped mountains from over 20,000 feet while sitting on the hood of his car, taking in the breathtaking beauty of nature. His ion for the great ...More