Flipkart’s PhonePe ties up with Ola, bets on micro-apps for growth

PhonePe appFlipkart-owned digital payments firm PhonePe has tied up with homegrown cab aggregator Ola, where users can book a cab or an auto using a micro-app built on its payments platform.The company has gone live with three such micro-apps, including that of redBus and Metro services, and plans to go live with 5 to 10 more in the ongoing quarter.“Ola’s scale and reach, topped with our AutoPay feature will enable greater convenience and control to our users while making payments seamless,” said Rahul Chari, co-founder and chief technology officer, PhonePe.ALSO READ: Flipkart’s digital payments arm PhonePe crosses 100-million user markThe company, which has built its payments platform primarily on top of the National Payments Corp of India’s Unified Payments Interface (UPI), crossed the 100-million user milestone last month.Through the AutoPay feature, users can link their credit or debit card for an Ola ride in the PhonePe app once, and the ride-fare would automatically be paid at the end of every ride.The company has already integrated mobile wallets such as FreeCharge and Jio Money on its platform to give more options to users.
Source: Business Standard