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Ola launches credit card

Ride-hailing platform Ola has launched the Ola Money SBI Credit Card in partnership with SBI Card. The card, powered by Visa, offers a simplified application process, eliminating joining fees and providing seamless, flexible and convenient payments to millions of Ola users. Ola is targeting 10 million Ola Money-SBI Credit Cards to be issued by 2022. The card is expected to bring together a unique payments experience alongside several best-in-class benefits for users. Ola users will be able to apply, view and manage their credit card directly on the Ola app with a few taps. Card users will also benefit from the highest cash-back and rewards, instantly credited to their accounts in the form of Ola Money which can be redeemed against Ola rides, flight and hotel bookings, with lifetime validity. Bhavish Aggarwal, co-founder and CEO of Ola, said with over 150 million digital-first consumers on Ola platform, the company will be a catalyst in driving India’s digital economy with cutting edge payment solutions.

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