Ola’s digital wallet Ola Money can now be used to pay for utility bills like gas and electricity. It will be accepted at: - BESCOM in Bangalore - BSES Yamuna & Rajdhani and Noida Power, Indraprastha Gas in Delhi - MAHAVITARAN in Maharashtra - Mahanagar Gas and Reliance Energy in Mumbai and - Rajasthan Vidhyut Vitran Nigam Ltd Note that last week, the RBI increased the monthly limit for adding money to digital wallets from Rs 10,000 to Rs 20,000 till 30 December 2016. Ola Money claims to be one of the top mobile wallets in the country by average wallet size but does not mention the average ticket size. It also claims to have “millions of customers” but does not provide absolute numbers. Earlier this month, Ola said that Ola Money, saw a 1500% increase in recharge on 8 November following the devaluation of Rs 1000 notes by the Indian government. For smaller towns and cities, which usually rely on cash payments, Ola Money’s growth was 30x. Ola Money began as a closed system payment instrument in 2014. Ola tied up with ZipCash in August 2015 to offer the wallet service to other companies as well. In the same month, Ola Money was made a payment mode for Oyo Rooms, Lenskart and Saavn among others across India. Three months following this, Ola launched a separate Android app for Ola Money, which could do mobile recharges, money transfers and be used on other platforms. This year, Ola Money partnered with…
