India's leading ride-sharing company Ola on Tuesday signed an MoU with ICICI Bank to offer a range of integrated services to their customers and driver partners.
Through this alliance, ICICI Bank customers can book Ola and pay the fare by using the bank's mobile banking applications, 'iMobile' and 'Pockets'.
According to Ola official, the facility will also help Ola customers to get small ticket digital credit instantaneously from ICICI Bank.
"ICICI Bank will offer a 'Pay Direct' card for Ola's driver partners. With this, Ola's auto and cab driver partners will be able to get their daily earnings directly into their 'Pay Direct' card accounts. Additionally, driverpartners can n also swipe this card at merchant outlets for their purchases,"states the official.
Commenting on the development, Ola Co-Founder and CEO Bhavish Aggarwal said mobility and banking, both play a key role in fostering inclusive growth and creating lasting development benefits.
"This alliance will provide increased convenience to customers on both the platforms, as well as hundreds of thousands of driver partners. From API integration, to launching new products and solutions
tailored to suit our common pool of millions of customers, the two brands will capitalise on each
other's strengths to deliver superior experience and enable smart, sustainable and inclusive
mobility for India," said Aggarwal.
ICICI Bank Executive Director Anup Bagchi said the bank has always pioneered in bringing in digital innovations and provide world-class banking experience to its customers.
"Keeping this in view, we are delighted to partner with Ola to introduce a range of new integrated
offerings that will deliver unparalleled convenience for customers as well as Ola's driver
partners. These new propositions will help Ola driver partners to manage their finances in a
better way, while also enable Ola customers to get easy access to instant credit in a simple and
secured manner," he said.
Bagchi also said ICICI Bank customers will get the dual benefit of booking a cab
and making payments directly through their 'iMobile' and 'Pockets' application. "This new
partnership resonates our effort of bringing in path breaking solutions, making mobility in
banking simpler than ever before. We will continue the model of co-creating to deliver innovative.
products and services to our customers," he said.
(Published 09 January 2018, 14:42 IST)
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