PHONEPE AND OLA PARTNERSHIP 2018
Digital payments platform Phonepe has partnered with OLA to launch the ‘industry-first’ AutoPay feature. The integration with ride-sharing platform will allow PhonePe users to pay for their mobility needs.
Under the partnership, PhonePe users will have access to OLA’s commuting offerings for a hassle-free cab and auto booking experience, the company said in a statement.
Through AutoPay, users will need to link their preferred credit/debit card for a OLA ride in the PhonePe app. Once it is done, their ride-fare would automatically be paid at the end of every ride. Users will have the flexibility of setting and switching off AutoPay instructions anytime they want.
The partnership is a part of PhonePe’s vision to become “an open
payments ecosystem,
enabling businesses of all sizes to build and deploy apps on its platform with
a unified
login
and payments experience
for its users”, the company said. The integration also becomes the first large
scale implementation of AutoPay (through standing instructions)
for ride bookings in India.
Commenting on
the partnership, Rahul Chari, Co-founder and CTO,
Phone Pe said,
“OLA is
the largest smart mobility player in the market and we are delighted to partner
with them. With this partnership our users can enjoy the ease of using their preferred ride sharing
app from within PhonePe while being assured of the
reliability and integrity of their payments. Ola’s scale and reach, topped with
our Auto-pay feature will
enable greater convenience and control to our users while making payments seamless.”
Ankit Bhati, Co-founder
and CTO, Ola, said, “At Ola, we are focused on
building products and services that enrich customer experience on our platform.
Through this integration, millions of Phone
Pe users
will be able to avail Ola’s
services and offerings seamlessly. Such partnerships drive the vision of Digital India,
getting more users to experience the benefits
of online services. As two of India’s popular homegrown
brands, we will capitalise on each other’s strengths to enable smart,
sustainable and inclusive mobility for India.”
PhonePe, in future will add partners in the travel, hospitality, ticketing and food segments to its micro-app platform
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