Ola, the ride-hailing service battling Uber in India, is introducing credit services to its users as it moves closer to a major new funding round.

Today the company took the wraps off Ola Money Postpaid, a service that builds on Ola’s existing payment service — which can be used to pay rides and also third-party services — but offering a credit facility without additional charges. Essentially, the postpaid service lets passengers accumulate rides on Ola

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