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Don’t miss the latest developments in business and finance.
RBI fines Ola Financial Services Rs 1.67 cr for not following directions
Ola Financial Services was found to be non-compliant with the directions issued by RBI on KYC requirements
Ola may lay off up to 500 employees in order to drive cost-efficiency
Layoffs may take place across Ola departments amid challenging funding environment and delay in listing plans
Google Pay leads UPIs in digital payments, Amazon Pay most favoured wallet
All the findings in this report are based on transactions held on the Razorpay platform from January 2018 to December 2019
PIN-verification to RideCheck: Uber India announces new safety features
Uber will also be experimenting with audio recording as a safety feature in the Indian market this year
Visa power at the wheel! Ola launches credit card in partnership with SBI
Ola's suite of digital financial offerings ranges from the Ola Money wallet to postpaid billing and micro-insurance for rides taken on the Ola platform.
HPCL, IOCL to accept Ola Money to pay for fuel
Ola Money is accepted at over 500 online and offline merchants, as well as for bill payments at over 25 major utilities across India