New Delhi: In a bid to reiterate its commitment to the government’s push towards digital transactions in India, MobiKwik, one of India’s leading digital financial services platform, and Ola, India’s leading and one of the world’s largest ride-sharing companies, have announced first-of-its-kind of partnership that will enable Mobikwik users to book Ola cabs and autos across 110 cities in India from within the Mobikwik app. This path-breaking partnership offers symbiotic benefit for both MobiKwik and Ola.
With this partnership, Mobikwik users will have access to Ola’s multi-modal commuting offerings, from pocket-friendly options such as Ola Auto, Micro, and Mini to premium categories such as Ola Prime, Ola Prime Play, Ola Prime SUV, and Ola Lux.
It also aims to provide a more seamless experience as customers can directly book Ola ride through their Mobikwik app and pay up through the Mobikwik wallet, without having to shuffle between apps. As a part of the launch offer, MobiKwik is offering Rs. 50 SuperCash on first 5 rides. Alternatively, Mobikwik users can use 10% SuperCash to get discount upto Rs. 100 on every ride. Also, MobiKwik, will be offering a chance to earn 100% cashback for booking rides through their wallets between 4 PM and 7 PM and between 8 AM and 10 AM, to 1000 users daily.
Announcing the partnership, Mr. Daman Soni, Vice President- Marketing and Growth, Mobikwik said “We believe that cab booking is a promising category for digital payments. Over the past few months, we have received feedback from our customers requesting for a smart mobility enabler on our app. We have enabled a rich interface for ride bookings with Ola on our platform and are confident that this will be one of our top performing categories in the times to come. We are committed to make digital transactions simple and streamlined. Ola is a key partner in this endeavour. ”
Commenting on the partnership Saurabh Mishra, Head – Alliances at Ola said “Strategic partnerships play a significant role in enriching customer experience. Integration of services empowers the customer, making their lives simpler and convenient. Through this partnership, Mobikwik users will be able to book a ride of their choice using a single app. We are confident that Mobikwik users will be delighted with the in-app Ola booking experience. ”
The Government of India has set a huge target of 30 billion transactions in the current fiscal year with mobile wallet companies expected to clock 6.3 billion transactions. Such alliances will help provide the necessary impetus for the growth of digital transactions in the country.
Ola cabs is available only for the Android users, on the latest version of the MobiKwik app.
MobiKwik is India’s largest digital financial services platform, a mobile wallet major and a leading payment gateway. MobiKwik app is a leading mobile payment platform with a network of over 3 million direct merchants and 260 million plus users. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised four rounds of funding from Sequoia Capital, American Express, Tree Line Asia, MediaTek, GMO Payment Gateway, Cisco Investments Net1 and Bajaj Finance.
In 2017, MobiKwik has forged a string of smart partnerships with leading blue-chip brands such as BSNL, Bajaj Finserv Ltd and IndusInd Bank, thus starting to impact almost 260 million Indians. In August 2017, BSNL went digital by launching a bespoke mobile wallet developed and issued by MobiKwik. Recently, the company has partnered with Bajaj Finserv Ltd. to develop an EMI wallet through which customers can avail credits and loans. Bajaj Finserv-MobiKwik wallet is also India’s first credit wallet. MobiKwik has also developed India’s first auto-load wallet for IndusInd Bank’s 10 mIllion plus customers, who can make purchases just by tapping their wallet and their money gets automatically debited from their IndusInd account. The company has also signed a pact with IDFC bank for the launch of virtual cards.
The company has offices in New Delhi, Mumbai, Bangalore, Pune and Kolkata. MobiKwik aspires to be the largest source of digital transactions in India. It is powering e-payments for Bhopal Plus, Bangalore One, GSRTC, Amul, Verka, Mother Dairy, Safal, NHAI, Bharat Petroleum, Indian Oil, Amul, Verka, IRCTC, Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Dominos, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, Nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip. The company has tied up with BSNL to create cobranded mobile wallet for their 120M customers.