Ola Enters Payment Business; Ola Money Can Now Be Used At Selected Merchants

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.