Business briefs 2PTI | New Delhi | Updated: 15-05-2019 20:46 IST | Created: 15-05-2019 18:35 IST
Ride hailing platform Ola Wednesday said it has partnered with SBI Cards to roll out a new credit card and aims to issue 10 million such cards by 2022. The Ola Money SBI Credit Card, which is powered by Visa, will have a simplified application process and eliminate joining fees. Ola users will be able to apply, view and manage their Credit Card directly on the Ola app, a statement said.
Users of the card will also receive cash-backs and rewards that can be redeemed against Ola rides, flight and hotel bookings. "Mobility spends form a significant wallet share for users and we see a huge opportunity to transform their payments experience with this solution," Ola co-founder and CEO Bhavish Aggarwal said.
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Array Networks invests $2mn to set-up tech centre in Bengaluru * Global networking company Array Networks Wednesday said it has invested over USD 2 million in setting up Array Center for Technology and Innovation (ACTI) in Bengaluru.
The centre is equipped to support requirements coming in from across the globe and in the initial years, it will support the India and Asia-Pacific (APAC) markets, a statement said. Array hopes for a five times increase in high-skilled technical workforce for ACTI, it added.