‘Ola’ – The largest taxi aggregator in India had launched its new Online wallet. OlaCabs, a product of ANI Technologies had termed its wallet currency as Ola Money. The Indian cab aggregator had followed the business model of Uber and had established a 40 million user base in India.
The Ola Money Wallet
This makes Ola Digital Wallet, the second most in the country in terms of user database. Paytm holds the first position with an online user database count of 100 million.Ola had already partnered with OYO rooms, Lenskart, Tiny owl, Zorooms, saavn, eTravelSmart, explara. Ola also claimed that ‘Ola Money’ is the next big app solely contributed to making people free from payment hassles. However, just because payments are much easier, that doesn’t mean you can’t go into bankruptcy, it’s important you look into bankruptcy law with a professional financial advisor so you know how steer clear of it and what to do if you unfortunately hit rock bottom.
Bhavvish Agarwal – CEO and Founder of Ola mentioned that more merchants would be added soon. Also, the app has its focus as seamless user experience and adding essential use cases.
Users already using OlaCabs don’t need any additional verification to signup for Ola Money. Also, Ola Money in Ola cabs app is synced with the wallet. Ola Money has its aim of provisioning utility bills across merchants online and offline. Download the App from here!
Digital Wallets are promising future markets. The structural and user experience will drive the future generations into Digital wallets for sure. This Space had been fragmented without a major leader yet! Some of Digital Wallets available now are Paytm, freecharge, Google wallet, Apple pay, Paypal, Citrus Pay, Square wallet, Lemon wallet, Oxygen wallet etc.. and, of course, Ola Money.