Ola Money enables cashless payments through its wallet for key utilities

India Infoline News Service | Mumbai | November 29, 2016 10:24 IST

The RBI has also recently increased the recharge limit on wallets like Ola Money from Rs 10,000 to Rs 20,000 until December 30, 2016 to facilitate convenient cashless transactions for citizens.

Ola Money
Ola Money, the popular digital payment solution from Ola, India’s most popular mobile app for transportation, announced that it has enabled cashless payments through its wallet for key utilities like gas and electricity across the country.

By selecting the ‘Bill Payment’ option on the Ola Money app and selecting their utility provider, users can instantly pay their utility bills with one touch. In view of the recent demonetization of Rs 500 and Rs 1,000 notes; cashless payments for various needs like mobility, food, travel, entertainment, shopping and now utility bills, becomes extremely convenient with Ola Money.

The RBI has also recently increased the recharge limit on wallets like Ola Money from Rs 10,000 to Rs 20,000 until December 30, 2016 to facilitate convenient cashless transactions for citizens.
 
Ola Money is now accepted at over 25 utilities across India including BESCOM - Bengaluru, BSES Yamuna and Rajdhani - Delhi, Noida Power - Delhi, Indraprastha Gas - Delhi, MAHAVITARAN - Maharashtra, Mahanagar Gas - Mumbai, Reliance Energy - Mumbai, Rajasthan Vidhyut Vitran Nigam Ltd amongst others. Apart from public utilities, Ola Money is also accepted at a range of other merchants across food, entertainment, ticketing and travel, recharge, shopping etc. This includes merchants like Cafe Coffee Day, Dominos, Pizza Hut, BookMyShow, Ebay, Cleartrip, GoIbibo, Yatra, IRCTC, RSRTC, Mumbai Metro and many more.
 
Pallav Singh, SVP & Head - Ola Money at Ola said, “Ola Money is making payments seamless beyond mobility, in a variety of use cases every single day. With over 500 merchants already accepting Ola Money across India, we are proud to add 25 leading utilities to this list. The Ola Money wallet is already the most-used payment choice for mobility and one of the top three wallets in the country. With Ola Money, we are coupling our experience in payment technology with our deep commitment to keep India moving towards a cashless economy, helping realize the Digital India vision.”
 
Ola Money is playing a critical role in the movement of a large number of low value transactions online, allowing citizens to conserve lower denomination currency for their other needs. Ola welcomes the landmark move by the Hon’ble Prime Minister to eradicate black money and fake currency and is supportive in nurturing a convenient and transparent payment ecosystem for India. By using Ola Money, citizens are able to conserve cash for other essentials, at the same time, experiencing a seamless payment experience.
 
Ola Money is an easier, faster and safer way to make payments online and offline. With millions of customers on its platform, Ola Money is already one of the top mobile wallets in the country by average size of wallet. Ola Money as a digital payment solution is uniquely positioned with high frequency usage and recharge by users, given the primary use case of the wallet. The Ola Money experience allows users to pay with a seamless, one-touch checkout in a secure environment in a wide variety of use cases, outside the Ola platform. Ola Money can be recharged using Net Banking Debit Cards or Credit Cards including MasterCard, VISA, American Express & RuPay.
 

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