Relief for commuters: Ola launches 'Ola Credit' postpaid service

Taxi aggregator Ola has announced the launch of Ola Credit, a unique postpaid service, which will enable hassle-free mobility to citizens who can now pay later for their rides.

Launched amid the government's decision to demonetize Rs. 500 and 1000 notes, the service will give customers seven days of credit so they can keep booking Ola cabs without worrying about insufficient cash. Ola Credit can be repaid via net banking, debit or credit cards easily through the widely accepted Ola Money e-wallet which is anyway integrated into the app.

Ola Credit enables hassle-free commute to key corporate clients and high-frequency customers together. "Ola Credit is a global first from Ola to keep India moving towards a cashless economy. Ola Credit provides hassle-free mobility to citizens who can now pay later for their rides when cash conservation is important for many citizens," said Chief Marketing Officer and Category Head, Raghuvesh Sarup.

"I am happy with the kind of customizations, transparency and efficiency that Ola's technology - Ola Credit brings at all levels," said Head - Travel and Dir Aviation at Larsen and Toubro, Dr. Sanjay Pai.

A customer can select 'Ola Credit' as their payment option while booking a ride. A user can avail cashless rides basis there usage and settle dues as per his/her convenience, within a week. The seven day credit cycle begins from the date of the first credit ride. A customer will be able to clear dues using Ola Money, within the credit period.

Ola extends credit to users on a select basis, on customer's transaction history.