OYO partners with Ola Money to enable seamless payment and mobility options
- OYO customers can now pay for hotel bookings and also pre-book Ola cabs via Ola Money
April 5, 2017: OYO, India’s largest hotel network announced its partnership with Ola Money, the digital payment solution from Ola, India’s most popular mobile app for transportation. The partnership will allow OYO customers to make one-touch payments for their hotel rooms through Ola Money wallet for both web and app bookings.
Speaking about the partnership Vishal Jain, Vice President – Growth & Marketing, OYO, said, “OYO is committed to provide customers a hassle-free stay experience enabled by technology. Our partnership with Ola Money – one of the largest digital wallets in the country- will make payments more convenient by offering greater choice. The experience complements our three-tap booking flow and the option to pre-book an Ola cab will further enhance the value proposition for the customer, making the travel and stay experience more seamless.”
Anuj Sahai, Vice President, Alliances at Ola, “Since our launch, Ola Money has always aimed at integrating with leading players to address the payment need of wide range of use cases outside the Ola platform. The Ola Money app is already being used for payment of utility bills, mobile recharges, e-commerce and peer to peer transfers across a wide range of online and offline merchants. The strategic partnership with OYO not only widens our user base by reaching out to millions of OYO users but is a step towards creating a holistic ecosystem that enables greater convenience in payment and addresses the last mile connectivity for millions of customers”.
Ola Money can be used for bookings via OYO app and web platforms, as a seamless payments experience. The integration further lets customers pre-book an Ola cab while booking a hotel across OYO’s network of 70,000 rooms in 7,000 hotels. Both OYO and Ola enjoy a wide network reach with presence in over 200 and 100 cities, respectively. The partnership will ensure hassle-free stays with seamless intra-city transport in addition to offering a convenient and secure way of payment.
The growth of sharing economy in India has led to the unprecedented demand for models such as Ola and OYO who have used innovations to enable scale and disrupt the on-demand ecosystem. With both the companies already catering to the large base of customers within the travel industry, further collaboration and deeper integration through technology is a step towards creating a seamless, transparent and convenient accommodation and mobility platform for millions of users.
About OYO:
Founded in 2013, OYO is today India’s largest hotel network operating 7000 hotels and 70,000 rooms in more than 200 Indian cities. These include major metros, regional hubs, top leisure destinations as well as pilgrimage towns. OYO is also present in Malaysia. In January 2017, OYO launched Townhouse – a managed hotel-brand designed to function as social hotspots to cater to city dwellers and a new generation of guests.https://www.youtube.com/watch?v=CVMQgODN9KI
A global disruptor from India, OYO has received several accolades including Express IT Startup of the Year Award (2015), NDTV Dream Chaser of the Year (2016) and IAMAI Digital Startup of the Year (2016). It was recognized by Business Today as among the Coolest Startups in India (2016) and ranked by LinkedIn as one of the top employee attractors in India (2016). OYO is backed by leading global investors, including the SoftBank Group, Greenoaks Capital, Sequoia Capital and Lightspeed India.
For more information, log on to:https://www.oyorooms.com/
About Ola Money:
As a safe, convenient method to make payments across various platforms, Ola Money has been used extensively across use cases. Ola Money is accepted at over 10000 offline and online merchants across petrol pumps, utilities, food, entertainment, ticketing and travel, recharge, shopping etc. Ola Money had also partnered with Mumbai Metro to help commuters recharge their prepaid metrocards. Ola Money payment is also accepted in CCD, India’s largest cafe chain. Additionally, Ola Money has also partnered with merchants like Goibibo, Tapzo, Freshmenu, Zopnow, Abhibus, Faasos, Pizza Hut, BookMyShow, Dominos, Cleartrip amongst thousands of others. These partnerships allow Ola users, who already maintain a significant balance in their Ola Money accounts, to pay with one touch. Since the announcement of demonetization in the second week of November, Ola Money utilization outside the Ola platform has increased by over 700%.
About Ola:
Founded in Jan 2011 by IIT Bombay alumni Bhavish Aggarwal and Ankit Bhati, Ola (formerly Olacabs), is India’s most popular mobile app for personal transportation. Ola integrates city transportation for customers and driver partners onto a mobile technology platform ensuring convenient, transparent and quick service fulfilment. Ola is committed to its mission of building mobility for a billion people. Using the Ola mobile app, users across 102 cities can book from over 5,00,000 vehicles across cabs, auto-rickshaws and taxis. Ola has also introduced a range of shared mobility services on its platform like Ola Shuttle and Ola Share for commute and ride-sharing respectively. The app is available on Windows, Android and iOS platforms. Please visit www.olacabs.com and https://www.olacabs.com/media for more information.
For editorial enquiries, please contact:
Poonam Thakur – OYO
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Soumitra Chand – Ola
Mob: 9535044316; Email: media@olacabs.com
Poulomi Roy/Sweta Singh – Adfactors PR
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Anuj Bakshi – Adfactors PR
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