Ola Money

The firm also has cut down its losses by nearly 50 per cent to Rs 772 crore during FY23 compared to Rs 1,522 crore in FY22, according to media platform Entrackr

Ola Financial Services was found to be non-compliant with the directions issued by RBI on KYC requirements

Layoffs may take place across Ola departments amid challenging funding environment and delay in listing plans

All the findings in this report are based on transactions held on the Razorpay platform from January 2018 to December 2019

Uber will also be experimenting with audio recording as a safety feature in the Indian market this year

Ola's suite of digital financial offerings ranges from the Ola Money wallet to postpaid billing and micro-insurance for rides taken on the Ola platform.

Ola Money is accepted at over 500 online and offline merchants, as well as for bill payments at over 25 major utilities across India