Ola, India"s largest cab-hailing service, said yesterday that Ola Money, a personal e-wallet, can now be used to pay for services on other e-commerce platforms as well as for Ola rides (it was previously closed and could only be used to pay for Ola services). The company also announced today that it will soon launch an app called Ola Cash which allows users to make payments using their mobile phones or debit cards at any of the company's more than 100 stores across
Ola, India"s largest cab-hailing service, said yesterday that Ola Money, a personal e-wallet, can now be used to pay for services on other e-commerce platforms as well as for Ola rides (it was previously closed and could only be used to pay for Ola services). Ola has been expanding into new businesses to match its larger rival Uber, and this is seen as a significant step forward, resulting in multiple reports today asking if Uber can really survive in India without a local mobile wallet.