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Uber to come up with its own Digital Wallet in India

Uber to come up with its own Digital Wallet in India

Soon after Uber started operations in India, it ran into trouble with the authorities for not having a two-factor authentication in place. To counter the same, Uber partnered with PayTM and accepted payments via their wallet.

In due course of time, Uber now accepts payments via digital wallets such as PayTM and Airtel money along with credit cards and debit cards and evencash for all your rides and it is now planning to add another avenue to the same.

If a report by ET is to believed then, Uber has been working on the closed wallet feature (since) right after the RBI mandate was given. However the application will still continue working with other (digital) wallets as well.

Further in the report is mentioned that the company will begin by offering a closed wallet that will not require RBI authorization. This wallet will enable commuters to upload up to a maximum of Rs 5,000 and use it for their rides.