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Ola Money Postpaid to be Available For all Ola Users

Apart from extending the service to all its customers in coming months the company would also increase credit line offering and billing cycle to 30 days, as per the statement

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Ola Cabs. Image source: Flickr

Ride-sharing platform Ola on Thursday said its credit payment feature, Ola Money Postpaid which offers a 15-day credit line to passengers, would soon be available to all the Ola app users.

Ola Money Postpaid is a digital credit payment service that allows users to pay for all the expenditure once every 15 days.

“The offering was launched last year as a pilot, and has received good response from customers with 30% growth month-on-month,” an Ola statement said.

Ola Money Postpaid to be available for all Ola users.

At present, Ola Money Postpaid is being used by over 10 per cent of Ola customers.

Apart from extending the service to all its customers in coming months the company would also increase credit line offering and billing cycle to 30 days, as per the statement.

“Ola Money Postpaid will also extend its reach beyond mobility and integrate it into other segments such as food, entertainment and utilities in the coming months. The company also plans to enroll other merchants to create a faster and convenient payment mechanism for customers.” (IANS)

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Ola Announces Expansion of its Ola Bike Service to 150 Cities Across India

With its expansion into more towns and cities across India, Ola Bike has also opened up new employment avenues for potential bike-partners

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Ola
Ola enters UK, rides in South Wales too.

Ride hailing giant Ola on Thursday announced the expansion of its Ola Bike service to 150 cities across India, while planning to grow its presence three times in the next 12 months.

With Ola Bike, the company is making inroads into the hinterlands of India, enabling hundreds of millions of Indians have access to affordable and convenient on-demand transportation.

Being ubiquitous across India, two-wheelers are popular for being a more economical, nimble and quicker alternative to cars and buses.

“Ola Bike has enabled citizens from the smallest of towns, such as Chapra in Bihar to large metropolitan areas such as Gurgaon (Gurugram), access to quick, reliable and affordable mobility,” said Arun Srinivas, Chief Sales and Marketing Officer at Ola.

Ola
Founded in 2011, Ola has been competing against Uber in the ride-hailing market. IANS

“Ola Bike is also helping build sustainable livelihoods for our fast-growing network of close to 300,000 partners from within these ecosystems of cities and towns, creating opportunities like never before for the youth of the nation. We aim to impact over a million bike-partners in the coming year,” he added.

Ola Bike was first introduced in 2016 as a last-mile mobility solution in Gurugram, Faridabad and Jaipur.

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The popularity of the service among both bike-partners and customers has encouraged Ola to introduce it in various new markets – from large urban metropolitan centres such as Hyderabad, Chandigarh and Kolkata to small towns such as Gaya in Bihar, Bikaner in Rajasthan and Mughalsarai in Uttar Pradesh.

With its expansion into more towns and cities across India, Ola Bike has also opened up new employment avenues for potential bike-partners. (IANS)