Cab booking and Ridesharing company Ola has introduced a 30 day interest-free Ola Money Postpaid+ line wherein its customers can upgrade their OlaMoney Postpaid line and experience one-click payments on their favourite apps.
An Ola Executive informed OnlyTech that the company had restricted ola money postpaid usage to the booking of cabs only and discontinued the usage on third party services. In exchange, the company has launched Ola Money Postpaid Plus with credit limit being increased up to Rs 25,000 (depending on your Experian credit score) and interest-free period increased from 15 days to 30 days.
Ola also offers a linked life-time free virtual Mastercard which can be used for online transactions and you can choose to opt for a physical card as well if needed. It also offers vouchers worth Rs 7500 from leading brands like Cult.fit, Shoppers Stop, VLCC & more.
Ola Postpaid Plus is a invite only offer for current Ola Money Postpaid customers to upgrade to a higher credit line with a 30 days credit style by completing a few steps. Ola is providing the product in partnership with affiliate financial partners including NBFC.
Existing Ola Money Postpaid customers need to submit KYC details, and image of the PAN Card for the upgrade process. The credit limit can be increased based on the usage and repaying of bill on time with affiliate partners having the right to revoke the line if they see activity that poses a credit risk to them.