India’s biggest telecom company, Airtel has agreed to tie up with Ola to provide digital payments solution. In the growing economic market, Airtel and Ola will provide convient digital services for their customers.
Ola had introduced a seperate online wallet, called “Ola money ” which enables the customers to make cashless payment. Meanwhile, Airtel has also introduced “Airtel money” which helps the customers to send money, pay bills and recharge directly from your phone.
Airtel payments bank, a joint venture between Bharti Airtel Ltd and Kotak Mahindra Bank Ltd, will intergrate with Ola to provide digital services to their customers through MyAirtel App and Airtel website. Airtel Payments Bank (APB), was introduced to enable digital payment of goods and services over mobile phones. It offers facilities like cash deposit and Open Savings bank account. Ola has integrated with APB to create a single payment platform for the cab riders.
“At Ola, we are always focused on innovating and building on the mobility experience for customers as well as driver partners. This first-of-its-kind partnership brings a host of offerings from two massive ecosystems together. Airtel will integrate its offerings across payments, content, PoS networks, and more with Ola’s offerings for its large customer and partner base”. said Bhavish Aggarwal, CEO and Co-founder at Ola.
The partnership will prove advantageous for both the companies as Ola will act as a retail seller for Airtel and Airtel retail points will help the customers book an Ola ride through kiosks. The partnership will provide an in-car entertainment system through Ola play and various value added services.