- Jun 16, 2018
Flipkart owned PhonePe partners with Ola
PhonePe has partnered with taxi-ride firm Ola to allow users to book cabs through the app without having to use the double-authentication feature to pay through the connected debit or credit card, which applies for transactions under the Rs 2000 cap. Currently, this feature is available for customers from ICICI Bank and HDFC Bank, but other banks will be added soon enough. This is in accordance with PhonePe’s policy of app-in-app model of payment, with bus ticketing service redBus already on board. Co-founder Rahul Chari says that the platform is built in a way that allows third-party merchant applications to be constructed on the top, thereby benefitting everybody. All these strategies and tactics might come in handy for PhonePe to rival PayTm, and even open up competition between Ola and Uber.
Read more at economictimes.indiatimes.com