{"id":8541,"date":"2018-01-11T11:07:07","date_gmt":"2018-01-11T11:07:07","guid":{"rendered":"http:\/\/faceinews.com\/?p=8541"},"modified":"2018-01-11T11:07:07","modified_gmt":"2018-01-11T11:07:07","slug":"ola-and-icici-bank-sign-mou-to-bring-innovative-solutions-to-customers-and-driver-partners","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=8541","title":{"rendered":"Ola and ICICI Bank Sign MoU to Bring Innovative Solutions to Customers and Driver Partners"},"content":{"rendered":"<p style=\"font-weight: 400;\">\u00a0<a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2018\/01\/Bhavish-Aggarwal-Co-Founder-and-CEO-of-Ola-and-Anup-Bagchi-Executive-Director-ICICI-Bank.jpg\" rel=\"attachment wp-att-8542\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-8542 size-full\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2018\/01\/Bhavish-Aggarwal-Co-Founder-and-CEO-of-Ola-and-Anup-Bagchi-Executive-Director-ICICI-Bank.jpg\" alt=\"Bhavish Aggarwal, Co-Founder and CEO of Ola and Anup Bagchi, Executive Director, ICICI Bank\" width=\"377\" height=\"372\" srcset=\"https:\/\/www.faceinews.com\/wp-content\/uploads\/2018\/01\/Bhavish-Aggarwal-Co-Founder-and-CEO-of-Ola-and-Anup-Bagchi-Executive-Director-ICICI-Bank.jpg 377w, https:\/\/www.faceinews.com\/wp-content\/uploads\/2018\/01\/Bhavish-Aggarwal-Co-Founder-and-CEO-of-Ola-and-Anup-Bagchi-Executive-Director-ICICI-Bank-300x296.jpg 300w, https:\/\/www.faceinews.com\/wp-content\/uploads\/2018\/01\/Bhavish-Aggarwal-Co-Founder-and-CEO-of-Ola-and-Anup-Bagchi-Executive-Director-ICICI-Bank-80x80.jpg 80w\" sizes=\"auto, (max-width: 377px) 100vw, 377px\" \/><\/a><\/p>\n<p style=\"font-weight: 400;\"><a href=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" rel=\"attachment wp-att-7654\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7654\" src=\"http:\/\/faceinews.com\/wp-content\/uploads\/2017\/11\/Faceinews-Logo-Copy.png\" alt=\"Faceinews Logo - Copy\" width=\"173\" height=\"43\" \/><\/a><\/p>\n<ul style=\"font-weight: 400;\">\n<li>ICICI Bank customers can book an Ola and pay the fare seamlessly through mobile banking applications; \u2018iMobile\u2019 and \u2018Pockets\u2019<\/li>\n<li>Ola customers to get small ticket instant digital credit from ICICI Bank<\/li>\n<li>ICICI Bank to offer a co-branded credit card in association with Ola for providing promotional offers to customers<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\"><strong>9<\/strong><strong><sup>th<\/sup><\/strong><strong>\u00a0January, 2018: Ola<\/strong>, India\u2019s most popular mobility platform, and\u00a0<strong>ICICI Bank<\/strong>,\u00a0the country&#8217;s largest private sector bank by consolidated assets,\u00a0signed a Memorandum of Understanding (MoU) to bring forth\u00a0a range of integrated offers to their customers\u00a0and driver-partners. Through this alliance, two of India\u2019s most popular and trusted brands\u00a0will bring together their respective technology platforms to offer the following facilities:<\/p>\n<p style=\"font-weight: 400;\">\n<ul style=\"font-weight: 400;\">\n<li><strong>Ola booking facility<\/strong><strong>\u00a0<\/strong><strong>on ICICI Bank\u2019s mobile banking platforms:<\/strong>\u00a0It\u00a0will enable ICICI Bank customers to\u00a0seamlessly book\u00a0an Ola and\u00a0pay the fare by\u00a0using the bank\u2019s\u00a0mobile banking applications; \u2018iMobile\u2019 and \u2018Pockets\u2019.<\/li>\n<li><strong>Access to instant small ticket digital credit:<\/strong>\u00a0The facility will help Ola customers to get small ticket digital credit instantaneously from ICICI Bank,\u00a0on the Ola Platform. The digital credit will be available on the basis of a real-time credit assessment algorithm created by the bank. It is based on an intelligent combination of financial and digital behaviour patterns like ride frequency and amount among others. The bank\u00a0will instantly ascertain the creditworthiness of a customer and extend digital credit within a few seconds. The entire process will be completely digital, without requiring any paperwork.<\/li>\n<li><strong>Enable digital payments to driver partners:<\/strong>\u00a0ICICI Bank will offer a\u00a0\u2018Pay Direct\u2019 card for Ola\u2019s driver partners. With this, Ola\u2019s auto and cab driver partners will be able to get their daily earnings directly into their \u2018Pay Direct\u2019 card accounts. Additionally, driver partners can also swipe this card at merchant outlets for their purchases.<\/li>\n<li><strong>Co-branded credit card:<\/strong>\u00a0ICICI Bank will launch a new co-branded credit card in association with Ola.\u00a0With this card, customers will benefit from several exclusive offers such as cashbacks and accelerated reward points.<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">\n<p style=\"font-weight: 400;\"><strong>Bhavish Aggarwal, Co-Founder and CEO of Ola,\u00a0<\/strong>said,\u00a0<em>\u201cMobility and banking, both play a key role in fostering inclusive growth and creating lasting development benefits. This alliance will provide increased convenience to customers on both the platforms, as well as hundreds of thousands of driver partners. From API integration, to launching new products and solutions tailored to suit our common pool of millions of customers, the two brands will capitalise on each other\u2019s strengths to deliver superior experience and enable smart, sustainable and inclusive mobility for India.\u201d<\/em><\/p>\n<p style=\"font-weight: 400;\"><em>\u00a0<\/em><\/p>\n<p style=\"font-weight: 400;\"><strong>Anup Bagchi, Executive Director, ICICI Bank said,<\/strong>\u00a0<em>\u201cICICI Bank has always pioneered in bringing in digital innovations and provide world-class banking experience to its customers. Keeping this in view, we are delighted to partner with Ola to introduce a range of new integrated offerings that will deliver unparalleled convenience for customers as well as Ola\u2019s driver partners. These new propositions will help Ola driver partners to manage their finances in a better way, while also enable Ola customers to get easy access to instant credit in a simple and secured manner. Furthermore, ICICI Bank customers will get the dual benefit of booking a cab and making\u00a0<\/em><em>payments\u00a0directly through their \u2018iMobile\u2019 and \u2018Pockets\u2019 application. This new partnership resonates our effort of bringing in path breaking solutions, making mobility in banking simpler than ever before. We will continue the model of co-creating to deliver innovative products and services to our customers.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 ICICI Bank customers can book an Ola and pay the fare seamlessly through mobile banking applications; \u2018iMobile\u2019 and \u2018Pockets\u2019 Ola customers to get small ticket instant digital credit from ICICI Bank ICICI Bank to offer a co-branded credit card in association with Ola for providing promotional offers to customers 9th\u00a0January, 2018: Ola, India\u2019s most [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8542,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":["post-8541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/8541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8541"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/8541\/revisions"}],"predecessor-version":[{"id":8543,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/8541\/revisions\/8543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/8542"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}