Ola credit card! cab aggregator targets 10 million Ola Money-SBI credit cards by 2022

The homegrown cab aggregator Ola has announced to launch the Ola Money SBI Credit Card in partnership with SBI Cards, powered by Visa, in Bengaluru on Wednesday. The card will transform the customer experience by offering a simplified application process, eliminating joining fees and providing seamless, flexible and convenient payments to millions of Ola users, said a company statement. Ola, which is one of the world’s largest ride-hailing platforms, aims to target 10 million Ola Money-SBI Credit Cards to be issued by 2022.

The Ola Money SBI Card will bring together a unique payments experience alongside several best-in-class benefits for users, said the company, adding that it will offer a simplified application process with no joining fees. Ola users will be able to apply, view and manage their Credit Card directly on the Ola app with a few taps, and the card users will also benefit from the highest cash-back and rewards, instantly credited to their accounts in the form of Ola Money which can be redeemed against Ola rides, flight and hotel bookings, with lifetime validity, it stated.

Launching the card, Bhavish Aggarwal, Co-founder and CEO of Ola, said, “We are excited to launch the Ola Money SBI Credit Card and we look forward to taking this to millions of Indians over the next few years. Mobility spends form a significant wallet share for users and we see a huge opportunity to transform their payments experience with this solution. With over 150 million digital-first consumers on our platform, Ola will be a catalyst in driving India’s digital economy with cutting edge payment solutions.”