The integration will allow the Ola customers to pay for their rides, using their UPI IDs, reported the Financial Express.
UPI integration will lead to one of the fastest modes of payment for millions of Ola users.
“At Ola, we are committed to the shared vision of a ‘Digital India’; and payments through UPI will be much faster and convenient, and we will continue to innovate and adopt similar integration with other platforms to create a robust payment mechanism,” said Senior Vice President, Ola Money, Pallav Singh.
While making payments for their Ola rides, a customer will now have an option called ‘Pay by UPI’ along with cash, debit/credit card option and the most preferred Ola Money wallet. Once the customers enter their unique UPI handle on the payment page, a ‘make payment’ request appears on the screen.
The customers can then enter their four to six digit unique UPI transaction pin and the transaction is complete.