InvestorQ : Have Ola and Flipkart started offering credit cards?
Gauravi Patel made post

Have Ola and Flipkart started offering credit cards?

Answer
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Anusha Savla answered.
1 year ago


No, Ola and Flipkart haven’t started offering credit cards as of now, although they are in the process of launching the same.

The two companies are gearing up to launch credit cards in partnership with large banks. News reports say the move will give these companies insight into the spending pattern of their card users and helping them enter an under-penetrated credit market. According to Economic Times, ride-hailing start-up Ola is set to launch a credit card, likely in partnership with State Bank of India (SBI), and begin pilots as early as next week, the persons cited earlier said, adding that the company plans to issue 1 million cards in the first year, leveraging its 150 million customer base. “Ola is betting big on credit-based payment as the next frontier of digital payments,” one of the persons said.