After the landmark move by Prime Minister Narendra Modi to eradicate black money and fake currency, Ola Money, the popular digital payment solution from Ola has reported over 1500 per cent increase in recharges across 102 cities, from Nagpur and Chandigarh, to Coimbatore.

Pallavi Singh, senior vice-president and head of Ola Money said, “As India’s most preferred mobility platform and one of the top three digital wallets in the country, we are proud to help citizens go cashless. Within the past 15 hours, we have seen a growth of over 15 times on Ola Money recharge. This move marks the beginning of a significant step towards a cashless economy and Ola Money is at the forefront of our vision of a ‘digital India’. We urge our customers to conserve cash and use Ola Money for their mobility needs and across online and offline merchants.”

Ola Money is accepted at over 500 offline and online merchants, across utilities, food, entertainment, ticketing and travel, recharge and shopping. Ola Money can also be used for prepaid mobile phone recharges across all network operators in India and for sending money to friends and family within minutes.

Ola Money can be recharged using net banking debit cards or credit cards, including MasterCard, VISA, American Express and RuPay.