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Ola launches Ola Money SBI Credit Card
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SME Times News Bureau | 15 May, 2019
In a move to enrich the customer experience of millions of the homegrown
ride hailing platform's users, Ola has partnered the state-run SBI
cards to launch Ola Money SBI Credit Card for the country's first such
co-branding initiative in the segment, a statement said on Wednesday.
The
card, which is powered by Visa, will be without any joining fees and
provide seamless, flexible and convenient payments to the car hailing
platform's customers.
Ola is targeting 10 million Ola Money-SBI Credit Cards to be issued by 2022.
Ola
users will be able to apply, view and manage their Credit Card directly
on the Ola app with a few taps, a company statement said.
Card
users will also benefit from the cash-back and rewards, instantly
credited to their accounts in the form of Ola Money with lifetime
validity which can be redeemed against Ola rides as well as flight and
hotel bookings.
"Mobility spends form a significant wallet share
for users and we see a huge opportunity to transform their payments
experience with this solution," Ola Co-founder and CEO Bhavish Aggarwal
said.
Ola's suite of digital financial offerings range from the
Ola Money wallet to postpaid billing and micro-insurance for rides taken
on the Ola platform.
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