Taxi aggregator Ola on Monday announced its effort to promote digital economy across the country as it integrated with Unified Payment Interface (UPI); to further simplify digital payment options for millions of customers.
Taxi aggregator Ola on Monday announced its effort to promote digital economy across the country as it integrated with Unified Payment Interface (UPI); to further simplify digital payment options for millions of customers.
The integration will allow Ola customers to use their unique UPI IDs to pay for all their rides on the Ola platform.
As the country has made significant stride towards cashless economy, UPI has seen great acceptance, with the value of transaction through the interface reaching to more than Rs 1300 crore, according to recent RBI report.
For a nation that is looking to migrate completely onto a digital medium, UPI payments are now widely used by leading e-commerce players across the country as they look to add more users through a completely seamless payment mechanism.
"At Ola, we are committed to the shared vision of a Digital India; and payments through UPI will be much faster and convenient. We will continue to innovate and adopt similar integration with other platforms to create a robust payment mechanism," Senior Vice President, Ola Money, Pallav Singh said.
How does Ola UPI work?
While making payments for a Ola ride, a customer will now have an option called "Pay by UPI" along with cash, debit/credit card option and Ola Money wallet. Once the customers enter their unique UPI handle on the payment page, a 'make payment' request will appear on the screen.
The customers can then enter their four to six digit unique UPI transaction pin and the transaction is complete.
Ola recently introduced Ola Credit which allows customers seven days of credit. The option lets you book Ola cabs without having sufficient cash and repay by net banking, credit and debit card apart from Ola Money.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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