June 17, 2016: Uber, App-based taxi aggregator is keeping its options open to have 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, when asked about the proposal of 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 recently 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.
On the issue of compliance of local or various state laws, he said the taxi aggregator is working with various state governments.
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