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Ola launches Ola Money SBI Credit Card

IANS  |  Bengaluru 

In a move to enrich the customer experience of millions of the homegrown ride hailing platform's users, Ola has partnered the state-run to launch SBI for the country's first such 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 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 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 said.

Ola's suite of digital financial offerings range from the wallet to postpaid billing and for rides taken on the Ola platform.

--IANS

ravi/sn/bc

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 15 2019. 18:36 IST
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