Helping people battle the cash crunch, Ola has added new features to its Ola Money service to let people pay daily bills cashlessly. Ola has announced that now, its mobile wallet app can be used to pay bills of 25 utility providers across India. It has partnered with big public utilities like BESCOM in Bengaluru, BSES Yamuna and Rajdhani (Delhi), Noida Power in Delhi NCR, Indraprastha Gas in Delhi NCR, MAHAVITARAN in Maharashtra, Mahanagar Gas in Mumbai, Reliance Energy in Mumbai, Rajasthan Vidhyut Vitran Nigam Ltd amongst others. Ola Money could previously be used to pay for food, entertainment, ticketing, travel, recharge, and shopping. Also Read - Best electric scooter or bike to buy in India: Ola S1, Revolt RV 400, Ather 450X, moreAlso Read - Ola to offer free oxygen concentrators to the needy
“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. The Ola Money wallet is already the most-used payment choice for mobility and one of the top three wallets in the country. With Ola Money, we are coupling our experience in payment technology with our deep commitment to keep India moving towards a cashless economy, helping realize the Digital India vision,” Pallav Singh, SVP and Head of Ola Money said in a statement. Also Read - Ola India set to launch first electric scooter in 2021
Also, according to the new RBI mandate, digital wallets recharge limit has been increased to Rs. 20,000 till December 30. This was done to promote digital transaction as a result of the cash crunch faced by the economy after the demonetization.
In order to use Ola Money for bill payment, users can top up the desired bill amount on the Ola Money app, then, by selecting the ‘Bill Payment’ option will throw the above mentioned utility providers. Users can then select from that list and instantly pay their utility bills through the app. Ola Money can be recharged using net banking, debit cards or credit cards including MasterCard, VISA, American Express & RuPay. ALSO READ: Ola adds another cashless option; lets you pay through your credit or debit cards
Further, besides the above mentioned public utility providers, Ola Money is also accepted at a range of other merchants like Cafe Coffee Day, Dominos, Pizza Hut, BookMyShow, Ebay, Cleartrip, GoIbibo, Yatra, IRCTC, RSRTC, Mumbai Metro, among others.
Additionally, Ola has also partnered with banks like State Bank of India (SBI) and Punjab National Bank to ease cash crunch, and is allowing people to withdraw cash by swiping debit cards at select Ola cabs. This service has currently been rolled out by Ola only on a test basis in Kolkata and Hyderabad where taxis with a bank officer and PoS machine are parked at different locations and dispense cash of up to Rs 2,000 per card. ALSO READ: Now, customers can withdraw up to Rs 2,000 via select Ola cabs