Ola, an app-based taxi provider in India, has now launched Ola Money SBI Credit Card in partnership with SBI Card issuing India’s largest credit card. The target of the Bangalore-based company is to provide a flexible and convenient payment system with many benefits to its customers. This credit card is operated on behalf of Visa.
The company says this card is equipped with easy features with no joining fees. OLA users can apply for the credit card directly on the application of OLA. Ola’s target is to add 10 million Ola Money SBI credit cards to customers by 2022. Founder and CEO of Ola, Bhavish Agrawal said that in this era of technology, people now have reduced cash and we are working to change this experience with changing our payment experience.
On the Other hand, digital wallet company Paytm has launched a new method of a credit card. For this, the company has partnered with Citibank. There will be many offers in this regard regarding shopping. It is being promoted in the name of Universal Unlimited Cashback. It is not free and for this card, you will have to pay 500 rupees every year. But you do not have to pay this charge if you do shopping of Rs 50,000 in a year.
For Paytm Credit Card, you can apply from the Paytm App. The company has claimed that unlimited 1% cashback will be given with this credit card. Every month the cashback balance will be credited. The company has said in a statement that Paytm credit card users will be offered a new experience of shopping. This card will also provide a promo code of up to Rs 10,000 from Paytm, but for this, you will have to spend at least Rs. 10,000 on this credit card.
Paytm started the loyalty program “Paytm First” on the lines of Amazon. Now customers will get cashback on every shopping through Paytm First Credit Card. The users can use this credit card for shopping and bill payments. If we talk about Ola, over 150 million digital-first users are associated with Ola. All these will be helpful in connecting Ola with its payment system to running India’s digital economy.