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UBER looking for its own payment wallet in India?


Ride hailing App-based taxi aggregator Uber may soon come up with its own payment wallet in India despite its current collaboration with Paytm that allows riders to pay digitally.

Eric Alexander, Head of Business, Uber Asia, in a statement about having its own payment wallet, said: We recently announced our partnership with Paytm and I think part of Uber’s success and strategy is to work with local companies. From my perspective, I like to have local partnerships to make the service available to our customers,”We are happy to continue with that. I am not going to say that (dropping the idea of having own wallet). We always got our options open.”

A senior official of Uber had told PTI that it was evaluating options to have its own payment wallet as it finds that the two-factor authentication (2FA) imposed by the Reserve Bank of India becomes cumbersome for its riders while making payments through credit or debit cards.

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ayushi jain

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