Uber India Mulls Launching its Own Payment Wallet Service
Cab aggregator Uber Wednesday said it is evaluating options to have its own payment wallet as it finds the two-factor authentication system imposed by RBI “cumbersome” for riders while making payments through credit or debit cards.
Amit Jain, the President of Uber India also said the app-based taxi service provider may also launch UberPool and UberCommute in some of the metro cities during this year.
“In the US, the majority of our transactions or all the transactions are through credit cards and debit cards. In India, we have a much wider options than any other country.
“So, we continue to evaluate options and whether our own wallet is the right choice, but, do we have any plans on launching in future, is to be determined. We are evaluating options. We have to come to a conclusion,” Jain told PTI in an exclusive interview.
At present, Uber riders can pay through payment wallet services like Paytm. Riders have also the option of making payment in cash.