This first-of-its-kind feature is coming to Ola

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NEW DELHI: India’s largest ride sharing service has now become the world’s first ride-hailing company to introduce digital credit payment by offering Ola Money Postpaid. The company introduced the service last year as a pilot and it was very well received by the Ola users. Ola Money Postpaid offers 15 days of credit line and the company claims that the entire experience is seamless as its one-click enabled without the need of any OTP or password to process the payment.



At present, Ola Money Postpaid is being used by more than 10% of Ola customers and has very promising repeat usage rates. 90% of the early adopters have used the offering more than once.

The company is also planning to extend the offering to all its customers in coming months and increase credit line offering and billing cycle to 30 days.

Speaking on the initial customer feedback on Ola Money Postpaid, Nitin Gupta, CEO of Ola Financial Services said, “At Ola, we are focused on innovating and building solutions that ensure a seamless digital experience for millions of users across the country. Ola Money Postpaid is an innovative, world’s first offering that was launched post taking into account learnings and user experience of other modes of payment. The response has been phenomenal and more and more Ola customers are already making Ola Money Postpaid, their preferred choice of payment.”

The company introduced a standalone app for Ola’s payment service in 2015. Using the service users can make bill payments, order food and more. Now with Ola Money Postpaid the company has taken a step further in order to improve the customer experience.



How to activate Old Money Postpaid

In order to activate Ola Money Postpaid, users just have to log on to the Ola app and click on the Payments option. After tapping on the ‘Ola Money Postpaid invite’ button, customers will then have to select the ‘Get Started’ button.