Ola Credit to Airtel’s data loan: How cos are moving customer toward cashless economy


21 Jun 2013
Reaction score
Demonetization of the Rs 500 and Rs 1,000 notes in India has brought the entire country scrambling to get the older currency exchanged. Also thanks to the daily limits on withdrawals and exchanges, there is never enough physical cash to pay for the everyday needs. Cashing in on the government’s latest initiative are a number of e-tailers and mobile wallets which have suddenly seen a spike in use base owing to their cashless payment systems.

The surprise announcement by Prime Minister Narendra Modi has received a mixed response. On the one hand, demonetization of the older currency as an effort to curb black money is seen in positive light, but on the other hand, it has also spelled trouble for those who are daily wage earners, homemakers, and pensioners. People living in metropolitan cities though have not been as hard hit as those living in smaller towns. If you aim to adopt a cashless lifestyle or simply want to get rid of the daily hassle of sweating it out standing in the bank queue to withdraw money, here are some cashless services to help make your life easier.

Ola Credit : Ride-sharing service, Ola announced a new postpaid system that lets you avail rides without immediately paying for it. The new ‘Ola Credit’ system gives users seven days of credit so that they can book Ola cabs without having to pay at the end of the ride. Users can enjoy cashless rides and pay for the credit using net banking, debit or credit cards or through the Ola Money e-wallet.

In order to avail the facility, users need to select ‘Ola Credit’ in their payment option settings while booking a ride. A user can avail the cashless rides based on their usage and settle the credit as per their convenience within a week. As the company explains, the 7-day credit cycle begins from the date of the first credit ride. It is to be noted that the credit will be extended to users on a select basis based on their transaction or ride-hailing history.

Scootsy : Founded in 2015, Scootsy is an online destination for a variety of daily consumer needs in Mumbai; from food to books to accessories to electronics. In order to allow its users to have a hassle-free transaction through its portal, Scootsy introduced a new ‘Pay Later’ feature for its regular customers. Users can now order for daily essentials from the Scootsy app and choose to pay at a later day. All that one needs to do is select ‘Pay Later’ as the payment option and get the order delivered. Users will be sent a reminder about the payment after 15 days. Customers who are unable to see the option will need to email [email protected] for verification.

Pune theater group : Entertainment was never cheap in India. Add to it the current currency crisis, you might consider giving your favorite movie a skip to save those last few hundred rupee notes. However, a Pune theater production group called Subak has decided not to let its artists and the art suffer over the new policy. The group, which was scheduled to stage its new two-act Marathi play Amar Photo Studio on November 11 at Vashi, Navi Mumbai had to call off the staging after the demonetization. But head of the group, Sunil Barve has decided to allow the audience to watch the play first and pay for it a week later if they are really short on cash. For Barve, the sight of the audience enjoying the two-act play is more important. Theater is not mainstream in today’s digital age, but it continues to enjoy popularity among connoisseurs of the raw art of storytelling. The play, which first opened in August, will now be staged at Pune’s Yashwantrao Chavan Natyagruha on November 19.

Talktime/Data : Smartphones, the most important commodity today which also happens to house details about your bank accounts can also heave a sigh of relief. Leading network providers Vodafone and Airtel have announced special offers to help users save on physical cash and pay later for services. Airtel has extended bill payment due date for postpaid customers by up to three days. It has also announced that it will offer some talktime loan to prepaid customers to cap inconvenience.

Vodafone too extended post paid bill payment deadline by three days. It is also offering Rs 10 as credit for talktime to prepaid customers with a service charge of Rs 3 per transaction with a validity of seven days. It is also offering a similar data loan of 30MB with a validity of 24 hours. The data can be used across 2G/3G/4G networks. The credit system is not something new as the company has previously offered ‘chhota credit’ which would be deducted after the set period once you recharge your account. To avail the credit, one can SMS ‘CREDIT’ to toll free number 144. For ‘Internet Credit’, users can send USSD short code to activate.

Uber: If you are not a Ola users, you can make use of Uber ’s cashless payment option. The service, when launched in India, initially only allowed e-payments and later started accepting cash. With the demonetization of the older Rs 500 and Rs 1,000 notes, you can go back to basics with the app and choose cashless payments as the option. All you need to do is tap on the account button and then tap on payment. Tap on add payment and then fill in your credit or debit card information. After your ride ends, you’ll be prompted a ‘Pay Now’ button which will trigger two factor authentication. You can type in your OTP or I-Pin before you take your next ride. This basically means, you will have to pay for the previous ride before you can avail the next ride. In case, you find this system confusing, you can continue to use PayTM which Uber continues to accept.

UrbanClap: The newest entrant in the startup ecosystem, UrbanClap is a hyperlocal marketplace that lets you hire local professions for services including plumbing, beauty treatments, Yoga lessons, and more. To help save on cash, the app now allows users to book for services and pay online after the completion of the service. To avail any service you will be required to first sign up on UrbanClap and choose from the available services. Once you book a service, you can then choose from the payment options. The app currently shows you the option to pay on delivery — either in cash or online. So in case you are short of cash, you can link your bank account or Paytm account and pay for the service. There is also an option to pay through credit or debit cards and netbanking prior to availing the service.

Ola Credit to Airtel’s data loan: How companies are moving customers towards cashless economy
Top Bottom
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock