Mumbai: Cab-hailing app Ola to roll out  postpaid to 150 million users

Mumbai: Cab-hailing app Ola on Thursday said it will roll out digital credit payment Ola Money Postpaid to all its 150 million users in the country. The offering launched last year as a pilot, has seen 30 per cent growth month-on-month. Ola Money Postpaid that offers a 15 day credit line, is at present being used by more than 10 per cent of the cab aggregator’s customers and 90 per cent of the early adopters have used the offering more than once, it said in a statement.

“The growing preference for transparent, seamless and secure transactions has seen Ola Money Postpaid redefine the way people commute. Fuelled by the momentum, Ola will extend the offering to all its customers in coming months and increase credit line offering and billing cycle to 30 days. The Ola Money Postpaid offering is made available to customers basis internal big data risk scoring algorithms,” it said.

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