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Introduction

Ola Money is headquartered in Mumbai, Maharashtra. It is headed by Mr Nitin Gupta under whose leadership, the company has successfully achieved an annual turnover of more than $1 million. Ola Money is the country’s cheapest and safest e-wallet which boasts of the latest user interface and offers easy access to daily needs.

Ola Money wallet can be recharged through a credit card, debit card or even net banking facility. It allows users to do smartphone recharges, make payments towards mobile bills, electricity bills, and even enjoy shopping online or offline. Ola Money has tie-ups with many service providers like IRCTC, eBay, Quikr, Dominos, Goibibo, BookMyShow, Cleartrip, Yatra, Runnr, Cafe Coffee Day, and even Mumbai Metro. Users can book OlaCabs drives via Ola Money wallet with the click of a button. Ola Money also plans to introduce many more merchants for users to use Ola Cash in the near future.

Ola Money is a fast and simple postpaid e-wallet which allows users to make payments for their Ola rides and many other online purchases. It is an easy way to avoid cash payments or even wallet recharges. Enjoy this credit facility at no extra costs and explore a hassle-free payment mechanism offered by Ola Money today! Read on to find all about Ola Money here.

Ola Money in a Nutshell

Ola Money e-wallet comes with a state-of-the-art user interface which helps to easily cater to the daily needs of the app users. It offers one-tap access to users who are looking for smarter ways of payment. It is easy to recharge Ola Money e-wallet and can be done through various options like a credit card, debit card, net banking, etc. Mobile recharges, postpaid bill payments, gas bill payments, etc, along with a lot of shopping opportunities can be explored with Ola Money.

Key Benefits of Ola Money

Get your OLA Money app today and avail all the benefits stated below:

  • OLA Money app can be used for making payments at many offline stores. 
  • Send or receive money from family and friends anytime and anywhere. 
  • Easily do your mobile recharges and make bill payments from your mobile phone.
  • Make utility bill payments seamlessly and in a convenient manner. 
  • Easily book OlaCab rides with the help of Ola Money e-wallet.
  • Book and explore outlets such as Dominos, Quikr, Yatra, eBay, Goibibo, Cafe Coffee, IRCTC, Cleatrip, Runnr, Mumbai Metro, BookMyShow, etc.
  • Easily manage and keep track of your transaction history.
  • You can do faster recharges by saving your credit/debit card information. Same goes for postpaid mobile bill payments.
  • OLA Money app allows users to make smart payments and enjoy the easy payment mechanism. With its smart user interface, you can make your payments within a few seconds.

Steps to Download Ola Money App

Here are the steps to follow for downloading Ola Money App:

  • Open the app store from your smartphone.
  • Search for the OLA Money App in the iOs or Android app store. 
  • Select the install option and complete the download process.
  • Once the download of the app is done, you can launch it and complete the first-time user registration by appropriately following the guidelines that come up.

How to check OLA Money balance?

Here is how you can check your OLA Money balance on the Ola Money app.

  • Open the OLA Money App and then select the menu button that can be seen on the right-hand side.
  • Tap on 'OLA Money' to check your wallet balance.
  • Alternatively, you can also select the 'Payments' option within the menu to easily view your latest OLA Money balance.

How does Ola Money e-Wallet work?

Ola Money e-wallet or Postpaid wallet allows you to make payments for any of your Ola trips and you can also access other online services. Ola Money also lets you instantly and easily make payments without the worry of recharging the wallet. Users can use the payment facility for up to 15 to 30 days via Ola Money Postpaid, or before exhausting the OlaMoney Postpaid limit, whichever takes place earlier. It follows the billing cycle of users for the same.

In simple terms, the Ola Money Postpaid service lets users accumulate multiple trips made with Ola and then make a total payment in one go for the entire 15-day period. This mechanism is somewhat similar to monthly electricity bill payments or a postpaid phone bill. With a single click, users can make the charge and they don’t have to worry about any OTP or password.

Steps to Recharge OLA Money e-Wallet

You can easily recharge your OLA Money e-wallet for Re. 1 to a maximum of Rs 10,000 per month. If you wish to increase your wallet balance to Rs 1 lakh, you must submit some documents as required by the KYC guidelines circulated by RBI.

  • Go to the Ola Money app installed on your phone and click on it.
  • Once it is open, click on the menu option.
  • Select or plug in the amount you wish to recharge for
  • Next select 'ADD OLA MONEY' option
  • Select the mode of payment and further instructions will come up on your screen.
  • Follow these to complete the process.

How to remove card details from Ola Money app?

If you are worried about the security of your credit/debit card information on the Ola Money app, you can be assured of maximum safety. However, if you wish to take off your card details from the app, here is how you can go about it.

  • Open the OLA Money app from your smartphone 
  • Select the menu option and go to the OlaMoney section 
  • Select 'ADD Money' 
  • Once you are redirected to the payment page, you will see your saved card details. You can swipe left to begin deleting your card details from the app.

Steps to Apply for Ola Money

Here are the steps to follow for applying to OLA Money

  • In the OLA money app on your smartphone, look for the Profile Menu
  • This can be found on the top left corner of the app. 
  • Click on "OLA Money" 
  • You will then see a message "You've got OLA Money Postpaid", select the message.
  • Click on "Get Started" to further complete the process. 
  • You will get a success notification after this step on your registered mobile number.

Clearing Dues on Ola Money

Here are the steps to be followed for clearing any pending dues on OLA Money

  • On your Ola Money app, go to the profile menu on the left side 
  • Select OLA Money under the Postpaid section
  • Select Postpaid Balance
  • You will be able to see all your pending dues
  • Select "Clear Dues" to clear the pending payments. 
  • After successful completion, you will get a message on your registered number for the same.

KYC for Ola Money

If you are a prepaid wallet user with Ola Money, you will be required to complete KYC as per the RBI Guidelines. Your Ola Money e-wallet recharge cap can be raised to Rs. 1 lakh per month after successful completion of KYC. You can also use services such as Bank Transfer and Wallet to Wallet transfer. KYC for Ola Money can be done by following the steps mentioned here:

  • In your OLA Money App, log in using your OLA Money Id and Password. 
  • Navigate to the OLA Money section 
  • Select “Add Money” or “Send Money” 
  • You will need to provide your PAN details and Passport or Driving License or Voter ID.
  • You will then need to take a selfie and upload it. 
  • Upon completion of the above steps, you will get a "Documents Uploaded Successfully" message on your phone.

It is important to complete the physical verification of documents after completing the above KYC steps. For enjoying OLA Money services, you can follow these steps to complete the physical verification in Ola ride.

  • Book your OLA ride.
  • Your documents have to be kept handy for getting verified by the OLA driver. He will match them with the uploaded documents.
  • Now select " Generate PIN" and begin uploading the front face of the original documents. Make sure to attach your name on them.
  • After uploading, you will receive a "KYC PIN".
  • You must share the PIN with your OLA driver for completing KYC.

What is Ola Money credit card?

Ola Money SBI card is a credit card that was launched as a collaboration between Ola cabs and State Bank of India. This card is meant for people who are frequent travellers, especially via cabs. It offers a wide range of perks such as reward points for using Ola services. The card does not have any joining fees Rs. 499 as annual fees. The interest rate on the card is 3.35% per month.

  • The card does not charge any joining fees. 
  • 7% reward points can be earned on all expenses via OLA Postpaid and also bookings with OLA via OLA Money Credit Card. All other expense categories can earn 1% reward points for the user. Travels can be made remarkable since there are exciting travel offers and discounts in tie-up with Cleartrip. 20% cashback is offered on dining at nearly 6,000 affiliate restaurants in tie-up with Dineout. Fuel refill can earn a waiver of 1% fuel surcharge across all the fuel stations in the country.

FAQs

1. How do I check the balance in my Ola Money account?

For checking the balance in your Ola Money account, you can go to the Ola App and follow these steps:

  • Go to the Ola app menu option on the right-hand side
  • Select Ola Money option to see your present wallet balance.
  • Alternatively, you can also use the Payments option through Ola app menu for checking your Ola Money balance. Go to the wallet balance in your Ola Money app to check the same.

2. Why should I use Ola Money?

Ola Money is a way to go cashless in today’s age. Ola Money is a prepaid wallet which is issued by Zip cash. It can be used to pay for almost everything like cab fares, postpaid mobile bills, DTH payments, electricity bills & also gas bills. It can also be used for online shopping.

3. Which merchants or retailers accept Ola Money as a payment option?

You can check the entire list of merchants allowing Ola Money as a payment option on https://olamoney.com. Ola Money will also be visible on checkout with all the merchants who accept it as a payment option.

4. How should I choose Ola Money?

If you are an existing Ola cabs app user, you will not have to pay any registration fees and your Ola Money account will be automatically set upon download. Your credentials from Ola cabs app are used for Ola Money app. For new users, initial signup is required and it can be done using mobile number and email id.

5. How much will it cost for me to use Ola Money?

You can load money in your Ola Money e-wallet without any charges or fees. Wallet transfer services also come for free. For the transfer of money, such as OlaMoney Wallet balance transfer to Bank account, fees are applicable.

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