“The launch of Ola Money app is a big step towards simplifying payments for users across a wide range of products and services they use everyday. Ola Money has seen tremendous acceptance over the last three months, since the time we opened it up for third-party merchants,” said Bhavish Aggarwal, co-founder and chief executive of Ola.
According to the company, the app can be used for mobile phone recharge across all operators as well as to send money to friends and family.
Earlier in August, the company had announced that its customers could use Ola Money for payments at a wide range of merchants including OYO Rooms, Saavn, Lenskart, Zo Rooms and TinyOwl.
“With the app enabling users to do a lot more including mobile recharges and money transfers, we are excited about the possibilities that Ola Money brings for the millions, who are beginning to prefer an easy to use mobile payment solution,” he added.