Ola Money Postpaid: Ride for free now, and pay later - Here is how to activate the plan to hire cabs, taxis
Ola has introduced its new payment service - Ola Money Postpaid. The service was introduced last year as a pilot and has received tremendous response from customers with 30% growth month-on-month. T

One of the world's largest ridesharing platforms, Ola has introduced its new payment service - Ola Money Postpaid. The service was introduced last year as a pilot and has received tremendous response from customers with 30% growth month-on-month. The service offers a 15-day credit line to Ola customers which means that they can ride now and pay 15 days later. The entire experience is seamless as its 1 click enabled without the need of any OTP or password to process the payment.
The company claims that Ola Money Postpaid is being used by more than 10% customers at the moment and has promising repeat usage rates. In a press statement, it said that 90% of the early adopters have used the offering more than once.
Speaking about the customer feedback, Nitin Gupta, Chief Executive Officer 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.”
Gupta added that Ola is committed to supporting government's vision of a cashless economy and will continue to invest in innovative solutions that promote the digital economy across India while extending the benefits of this first of its kind Postpaid offering to more Indians.
In the future, the company plans to extend the credit line to 30 days. Ola also hopes to extend its reach beyond mobility and integrate it into other segments such as food, entertainment and utilities in the coming months with the help of Ola Money Postpaid.
How to activate Ola Money Postpaid?
To get the service, users need 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.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

SBI Senior Citizen FD Rates: Want to invest Rs 3,00,000 in SBI FD? You can get this much maturity amount in 1 year, 3 years, and 5 years

EPS Pension Calculation: Rs 40,000 basic salary, 30 years of service, what will be your monthly EPS pension amount?

Retirement Planning: How one-time investment of Rs 11,00,000 can create a Rs 3,30,00,000 retirement corpus

Top 5 SBI Mutual Fund Schemes: Rs 1 lakh lump sum investment has grown to Rs 2.84 lakh-3.50 lakh in 5 years; see list

IND VS PAK Live Cricket Score Streaming APPS: When and where to watch India vs Pakistan ICC Champions Trophy 2025

SBI vs PNB vs BoB- 5 year FD Scheme: Which bank can give you higher return on Rs 1 lakh and Rs 2 lakh investment?

Monthly Pension Calculations: Is your basic pension Rs 25,000, Rs 45,000, or Rs 55,000? Know what can be your total pension as per latest DR rates

Income Tax Calculations: Is your annual salary Rs 6.75 lakh, Rs 9.25 lakh, Rs 14.50 lakh, or Rs 18.50 lakh? Know how much tax you will pay in old and new tax regimes
05:03 PM IST