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This article was published on November 13, 2014

 * Uber


UBER INTRODUCES PAYTM DIGITAL-WALLET PAYMENTS IN INDIA IN RESPONSE TO NEW
E-COMMERCE RULING


November 13, 2014 - 10:23 am




STORY BY

PAUL SAWERS



STORY BY

PAUL SAWERS

Paul Sawers was a reporter with The Next Web in various roles from May 2011 to
November 2014. Follow Paul on Twitter: @psawers or check h (show all) Paul
Sawers was a reporter with The Next Web in various roles from May 2011 to
November 2014. Follow Paul on Twitter: @psawers or check him out on Google+.

Uber has been ramping up its presence in India in recent times, and today the
increasingly ubiquitous taxi service announced that it’s now allowing local Uber
users pay for rides with their debit card or net banking, as well as their
credit card.

This shift, it seems, is a direct response to new guidelines announced back in
August, after the country’s reserve bank (RBI) stipulated that e-transactions
must be must be done through a bank located within India, rather than routed
straight through international payment conduits.

The result? A new digital wallet powered by Paytm, an India-based online payment
platform.

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So while a user will top up their wallet using their card, the actual payment to
Uber is now deducted directly from the virtual wallet. The minimum recharge
value is Rs. 100 (about $1.60).

➤ NEW PAYMENT OPTIONS MAKE UBER AVAILABLE TO 600 MILLION INDIANS [Uber Blog]

Published November 13, 2014 - 10:23 am UTC
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