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Ola Money partners with online marketplaces

Update On :10 June 2016

Ola Money partners with online marketplaces

Ola Money, a wallet to make online payments on various platforms has deeply ventured into e-commerce payments. The digital payment solution has partnered with various fashion, e-commerce and healthcare platforms like Voonik, eBay, YepMe, AskmeBazaar and Healthkart which enables the customers to make payments through Ola Money when they make purchases on any of these platforms.

At the time of payment on any of these platforms, both web and app, customers will get to choose Ola Money as one of their payment options. On selection, a one touch check-out, if on the app and a simple OTP authentication if on the web completes the payment. Pallav Singh, Senior VP and Head of Ola Money, said that the company is looking to build a more holistic and stronger payment ecosystem.

Ola Money claims to be one of the top wallets in the country by average size of the wallet. Anand Subramaniam, Director of Marketing, Ola said that the primary use of Ola Money has always been mobility, since people store money in the wallet. With the use case it made sense for the team to invest in experiences that across other things people can do every day – shopping, travel, eating out and healthcare. It makes sense to have the same convenient payment experience across platforms.

Ola Money is looking to on-board more partners. Shivani Suri, Director of Marketing eBay India believes that the high frequency usage and active customer base with a higher average wallet balance puts Ola Money in a unique position. Anand mentioned that the partnership with other players is a strategic move for Ola Money. With this move, Ola Money competes with Paytm and other wallets.

News Source From : http://yourstory.com/2016/06/ola-money-ebay-yepme-skmebazaar/

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