Ola has announced its credit payment feature, Ola Money Postpaid which offers a 15-day credit line to passengers would soon be available to all the Ola app users.
The digital credit payment service allows users to pay for all the expenditure once every 15 days. “The offering was launched last year as a pilot, and has received good response from customers with 30% growth month-on-month,” an Ola statement said.
At present, Ola Money Postpaid is being used by over 10 percent of Ola customers. Apart from extending the service to all its customers in coming months, the company would also increase credit line offering and billing cycle to 30 days, as per the statement.