Ola Money Postpaid is a digital credit payment service that allows users to pay for all the expenditure once every 15 days.
"The offering was launched last year as a pilot, and has received good response from customers with 30% growth month-on-month," an Ola statement said.
At present, Ola Money Postpaid is being used by over 10 per cent of Ola customers.
Apart from extending the service to all its customers in coming months the company would also increase credit line offering and billing cycle to 30 days, as per the statement.
"Ola Money Postpaid will also extend its reach beyond mobility and integrate it into other segments such as food, entertainment and utilities in the coming months. The company also plans to enroll other merchants to create a faster and convenient payment mechanism for customers."
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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