Our Digital Payments coverage is brought you by Chillr: India’s 1st multi-Bank instant mobile payment app enabling fund transfers to anyone in your phonebook. Online cab aggregator Ola has launched a separate Android app for Ola Money, which can do mobile recharges, money transfers and be used to transact on platforms like OYO Rooms, Saavn, Lenskart, Zo Rooms and TinyOwl. It currently offers cashbacks from Zoomin, Planhound, Amex, Zopper and MyBusTickets among others, some of which are its partners. Released on 10 November, the app has 100-500 installs on the Play Store. Ola claims that 40 million users will be able to use the app across online and offline merchants. The company adds that Ola Money will also be able to make utility bill payments across online and offline merchants and payment gateways. In August, Ola announced that Ola Money could be used to pay for other companies like Oyo Rooms, Lenskart and Saavn among others across India, get promotional cashbacks and discounts from merchants in the initial roll out integration. In March, Ola had told MediaNama that its in-app wallet Ola Money was a closed system payment instrument and that it had tied up with ZipCash for its wallet services. Closed system payment instruments do not permit cash withdrawal or redemption. As such, these instruments cannot facilitate payments and settlement for third-party services. Users can use credit and debit cards along with net banking to add money to their Ola Money and do transactions worth Rs 10,000 in a month. It…
