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India’s Ola Cabs adds mobile payments

Indian mobile cab hailing service Ola Cabs has launched Ola Money, which lets customers load funds into a mobile app and use them to pay their fare. “Your Ola Money is automatically deducted when you complete a ride,” the company says. Ola announced plans in August 2015 to apply for a mobile wallet licence from the Reserve Bank of India (RBI).

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