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Ola collaborates with PhonePe to widen digital payment options for riders

The partnership will allow customers to use all of PhonePe’s payment instruments, including the PhonePe wallet.

SNS | New Delhi |

Ride-hailing platform Ola on Tuesday announced that it has entered into a strategic partnership with PhonePe to allow its riders to make payments using PhonePe within the Ola app. Currently, the feature has been rolled out on Android and will be available on iOS soon.

“Millions of Ola’s customers across the country can now pay for their ride using PhonePe. This move echoes Ola’s commitment to continuously introduce convenient, reliable and innovative solutions to ease the mobility experience, while being fully aligned with PhonePe’s goal of making payments easy, secure and accessible to all,” according to a statement.

The partnership will allow customers to use all of PhonePe’s payment instruments, including the PhonePe wallet, to make payments, in addition to UPI, it said.

“As we navigate through the coronavirus pandemic, we have noticed a significant increase in the adoption of digital payment solutions. With commute being one of the largest spend categories for customers, we wanted to encourage this shift through value-added services to ensure them superlative as well as safe mobility experiences,” an Ola spokesperson said.

Ankit Gaur, director (business development) at PhonePe said, “We are excited to partner with Ola, India’s leading mobility services provider, to enable a seamless and convenient payment experience for our customers.”

He added, facilitating safe contactless payments is of paramount importance during these tough times. This partnership will be a key enabler to drive India’s digital payment ecosystem, he said.

As part of an introductory offer, customers can avail up to Rs 200 in cashback on the first two rides when paid using PhonePe, said Ola.