India’s own cab service, Ola, has today integrated with Unified Payment Interface (UPI) to simplify digital payment options for its customers. This integration will allow Ola customers to use their unique UPI IDs to pay for all their rides on the Ola platform. UPI integration will lead to one of the fastest mode of payment for Ola users.
While making payments for their Ola rides, a customer will now have an option called ‘Pay by UPI’ along with cash, debit/credit card option and the most preferred Ola Money wallet. Once the customers enter their unique UPI handle on the payment page, a ‘make payment’ request appears on the screen. The customers can then enter their 4-6 digit unique UPI transaction PIN and the transaction is complete.
Ola has brought in similar innovation in the payment mechanism, ‘Ola Credit’ being the most recent introduction. Ola credit allows customers 7 days of credit; so they can keep booking Ola cabs without having sufficient cash and repay by net banking, credit and debit card apart from Ola Money.
Pallav Singh, SVP – Ola Money, said on the development “At Ola, we are committed to the shared vision of a ‘Digital India and extending the benefits of a cashless economy to more Indians will only further this vision. Payments through UPI will be much faster and convenient and we will continue to innovate and adopt similar integration with other platforms to create a robust payment mechanism.”