Dedicated App for Ola Money Now; Enables Mobile Recharges and Money Transfers

BANGALORE, India, November 13, 2015 /PRNewswire/ --

- The wallet is now available to over 40 mn users across online and offline merchants, including Ola's existing customer base

- It is also one of the largest wallets in the country with the highest average wallet size

Ola, India's most popular mobile app for personal transportation, today announced the launch of a dedicated mobile app for Ola Money  that will allow users single point access across multiple brands and use cases. The Ola Money app can be used for mobile phone recharge across all operators as well as to send money to friends and family. In August, the company had announced that its customers could use Ola Money for payments at a wide range of merchants including OYO Rooms, Saavn, Lenskart, Zo Rooms, TinyOwl etc. With an average wallet size that is significantly higher than its peers, Ola Money is one of the leading wallets in the country today.

Ola Money is the most preferred mode of payment on the Ola app. With Ola Money, users can pay any of the partner merchants without having to provide any additional authentication, other than their Ola credentials already present on the app. The addition of mobile recharges and money transfers through the app brings two major use cases for consumers using Ola Money. The app will soon be usable for utility bill payments, across online and offline merchants and leading payment gateways as well, making Ola Money a holistic solution in the payment ecosystem.

Bhavish Aggarwal, Co-founder & CEO, Ola said, "The launch of the Ola Money app is a big step towards simplifying payments for users across a wide range of products and services they use everyday! Ola Money has seen tremendous acceptance over the last three months, since the time we opened it up for third party merchants. We continue to add more merchants and build many more use cases with Ola Money, making it a seamless experience for users. With the app enabling users to do a lot more including mobile recharges and money transfers, we are excited about the possibilities that Ola Money brings for the millions who are beginning to prefer an easy to use mobile payment solution!" 

About Ola Money:

Ola Money, powered by ZipCash, is Ola's mobile wallet that allows for a seamless experience, making payments easier and simpler. Ola Money can be used at several merchants including OYO Rooms, Saavn, Lenskart, Zo Rooms, TinyOwl etc. with many more coming soon. All personal and financial data is stored in a secure and encrypted environment. Ola Money's one-click checkout is the fastest way to pay! The Ola Money app on Android can be downloaded from the Google  Playstore and is coming soon on iOS and Windows as well. Visit www.olamoney.com for more information.

About Ola:

Founded in Jan 2011 by IIT Bombay alumni Bhavish Aggarwal and Ankit Bhati, Ola (formerly Olacabs), is India's most popular mobile app for personal transportation. Ola integrates city transportation for customers and driver partners onto a mobile technology platform ensuring convenient, transparent and quick service fulfilment. Ola is committed to its mission of building mobility for a billion people. Using the Ola mobile app, users across 102 cities can book from over 250,000 cabs, 75,000 auto rickshaws, Kaali Peeli taxis and yellow taxis on its platform. The app is available on Windows, Android and iOS platforms. Ola recently acquired TaxiForSure, India's second largest cab aggregator, which continues to operate as an independent brand. Please visit www.olacabs.com for more information.

For editorial queries, please contact

Ola - Saumitra Chand  | +91-9535044316 | [email protected]

AimHigh -  Deepansh Agarwal | +91-7838324168 | [email protected]