India: Ride hailing service Ola forays into mobile payments with Ola Money app

India: Ride hailing service Ola forays into mobile payments with Ola Money app

India’s largest cab hailing service Ola on Friday announced its entry into the mobile payments space with the launch of its dedicated mobile app called Ola Money, a move that will put Ola in direct competition with Alipay-backed Paytm and Snapdeal-owned Freecharge.

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