Little and Ola partnership to cut transaction cost

Little has collaborated with Ola Energy to enable customers use Little Pay, a payment service within the Little SuperApp platform, to purchase goods and services at Ola stations.

The solution targets to cut down transaction cost for drivers and other users while at the same time boosting the war against the spread of Covid-19 through promotion of cashless payments.

In order for the driver to transact at various merchant locations, they would need to move the money to their mobile money wallet

“Many of our drivers earn revenue from cashless and corporate trips. The money sits in the Little Driver account within their Little Driver App,” Little CEO Kamal Budhabhatti said.

He explained that with Little Pay, drivers don’t need to move money out of their Little App in order to purchase services.

The new partnership will see many of our drivers and customers save from transaction costs linked to electronic cash transfers.

Little is in the process of extending Fuliza Fuel kind of service based on the data we have about our 100,000+ drivers.

He noted that customers will also be able to pay directly from their bank accounts to the merchant accounts by using their Little Wallet or by linking Visa/Mastercard to the Little App.

Kenyans moved Sh5.21 trillion through their phones last year, an equivalent of half of the country’s estimated GDP, spurred by relief measures on mobile phone payments to help curb the spread of the coronavirus.

Data by the Central Bank of Kenya (CBK) shows the total transactions rose by 20 percent from Sh4.34 trillion the previous year.

This means that an average of Sh14.27 billion was transacted on mobile phones daily between January and December 2020, some Sh2.81 billion higher than the Sh11.91 billion daily average in 2019.

 

Calyx Mugande
Author: Calyx Mugande

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