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Ola Money, a digital payment solution from Ola, a mobile app for transportation, today announced that it has enabled cashless payments through its wallet for key utilities like gas and electricity across the country.
"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," Ola Money SVP and Head Pallav Singh said in a statement here.
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, Singh said.
"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," he said.
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, Singh said.
Ola Money is now accepted at over 25 utilities across India including BESCOM, he said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)