PhonePe Partners with Ola to Launch the Industry-First AutoPay Feature
- Autopay feature is a part of the Ola micro-app on PhonePe
- The Ola partnership is a part of PhonePe’s unique open platform approach
National, June 14th, 2018: PhonePe, India’s fastest growing payments platform, today announced a partnership with Ola, India’s leading and one of the world’s largest ride-sharing companies, for a hassle-free cab and auto booking experience. Users can now book an Ola using the PhonePe app. With this integration, PhonePe users will have access to Ola’s multimodal commuting offerings, along with the benefit of using the industry-first AutoPay feature.
The integration with Ola enhances the ecosystem and allows PhonePe users to pay for their mobility needs, which stands out as one of the most important daily use cases. With both the companies already catering to a large user base, this also becomes the first large-scale implementation of AutoPay (through standing instructions) for ride bookings in India. Through AutoPay, users just need to link their preferred Credit/Debit card for a Ola ride in the PhonePe app once, and their ride-fare would automatically be paid at the end of every ride. Users also have the flexibility of setting and switching off AutoPay instructions anytime they want.
Commenting on the partnership, Rahul Chari, Co-founder and CTO, Phone Pe said, “Ola is the largest smart mobility player in the market and we are delighted to partner with them. With this partnership our users can enjoy the ease of using their preferred ride sharing app from within PhonePe while being assured of the reliability and integrity of their payments. Ola’s scale and reach, topped with our Auto-pay feature will enable greater convenience and control to our users while making payments seamless.”
Ankit Bhati, Co-founder and CTO, Ola, said, “At Ola, we are focused on building products and services that enrich customer experience on our platform. Through this integration, millions of PhonePe users will be able to avail Ola’s services and offerings seamlessly. Such partnerships drive the vision of Digital India, getting more users to experience the benefits of online services. As two of India’s popular homegrown brands, we will capitalize on each other’s strengths to enable smart, sustainable and inclusive mobility for India.”
The Ola micro-app is also a big technology milestone for PhonePe as it has been built ground-up by the PhonePe team using the Ola developer platform. It is the first of its kind mapping application using react native that provides not just location but navigation with directionality, matching the experience of native iOS and Android maps. PhonePe has abstracted a lot of common functionalities like tracking, status notifications, in-app communication that other in-app categories can exploit. In the future, these will be available for other partner apps as well.
This partnership is part of PhonePe’s vision of being an open payments ecosystem, enabling businesses of all sizes to build and deploy apps on its platform with a unified login and payments experience for its users. This will enable businesses to reach out with their services to a highly relevant and rapidly growing base of over 100 million PhonePe users.
Going forward, PhonePe is rapidly adding partners in the travel, hospitality, ticketing and food segments to its micro-app platform.
Bengaluru-headquartered PhonePe is the fastest growing payments company in India. With over 100 million installs, the PhonePe App drives the highest number of merchant UPI transactions in India. Using PhonePe, users can send and receive money, recharge mobile, DTH, datacards, make utility payments, buy gold, shop online, and offline. Customers can also use PhonePe as a payment option across 3 lakh offline and online merchant outlets covering food, travel, groceries, movie tickets etc.
For more details, please visit https://www.phonepe.com or download the PhonePe app.
Founded in 2011 by Bhavish Aggarwal and Ankit Bhati, Ola is one of the world’s largest ride-sharing companies. Ola integrates city transportation for customers and driver-partners onto a mobile technology platform ensuring convenient, transparent, and quick service fulfilment. Ola is focused on leveraging the best of technology and building innovative solutions ground-up that are relevant at global scale. Notably, in 2016, Ola Play the world’s first connected car platform for ride-sharing was launched, transforming commuting experiences and setting the tone for global innovation in this space. Beyond offering a highly personal experience for users during their rides, Ola Play also allows its partners like Microsoft, Apple Music, Sony Liv amongst others, to build a high quality interactive and productive experience for its users. Using the Ola mobile app, users across 110+ cities, can connect with over 1,000,000 driver-partners across cabs, auto-rickshaws, and taxis. Driven by a hyperlocal approach, Ola is committed to its mission of building mobility for a billion people.
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