Besides, the bank's customers will have access to "instant small ticket digital credit" that will be determined on the basis of a real-time credit assessment algorithm created by ICICI Bank.
ICICI Bank will also offer a 'Pay Direct' card for Ola's driver partners. It will also launch a co-branded credit card with the SoftBank-backed company that will offer exclusive offers like cashbacks and accelerated reward points to customers.
"Mobility and banking, both play a key role in fostering inclusive growth and creating lasting development benefits. This alliance will provide increased convenience to customers on both the platforms, as well as hundreds of thousands of driver partners," Ola co-founder and CEO Bhavish Aggarwal said.
It will also enable Ola customers to get easy access to instant credit in a simple and secure manner, he added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)