Ola Money, the digital payment solution from transport aggregator Ola, announced that its partnership with leading online marketplaces eBay, YepMe and AskmeBazaar, will allow customers to pay with one touch from their Ola Money wallet. Customers will also be eligible for an additional 10% discount (valid till June 21st) when they use Ola Money to make their payments on eBay. At the time of payment on any of these platforms, both web and app, customers will get to choose Ola Money as one of their payment options. On selection, a one touch check-out, if on the app, and a simple OTP authentication, if on the web, completes the payment.
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.
“eBay India recognizes and values the potential and convenience of mobile wallets. Our partnership with Ola Money will ensure the simplest and most seamless payment experience for consumers shopping on our platform. The unique position of the Ola Money wallet is in its high frequency usage, active customer base and a higher average wallet balance. We are confident this association with Ola Money is going to be a great value proposition for both companies,” said Shivani Suri, marketing, e-Bay India.
“The payment experience we have built with Ola Money is a huge differentiator not only in the mobility space, but also across a wide range of use cases now. The Ola Money app is already being used for mobile recharges, peer to peer transfers, ticketing and more across a wide range of online and offline merchants. With Ola Money, our vision is to create a holistic payment ecosystem and our partnership with eBay, Yepme and AskmeBazar is a major step in that direction.” He further added, “Together, these three e-commerce platforms have over 100,000 merchants registered on their platform. As one of India’s most used payment solution, we are confident that more use cases like these will create a superior payment experience for our customers across the board, that they now enjoy within the Ola platform,” said Pallav Singh, head of Ola Money.
The Ola Money app can be used for prepaid mobile phone recharge across all network operators in India and for sending money to friends and family within minutes. Recently, Ola Money also partnered with MUMBAI Metro to help commuters recharge their prepaid metrocards and RSRTC- the Rajasthan State Road Transport Corporation as their exclusive digital payment partner, where users can book tickets online, using Ola Money. Additionally, Ola Money has also partnered with merchants like Cleartrip and Stayglad, Healthkart, Doormint, amongst hundreds of others. These partnerships allow Ola users, who already maintain a significant balance in their Ola Money accounts, to pay with one touch.