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Market Expected UBER will opt for PayTM wallet according to RBI's Mandate

Started by Sudhakar, Nov 17, 2014, 05:16 AM

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Sudhakar

Market Expected UBER will opt for PayTM wallet according to RBI's Mandate

It was a big drama between the UBER & RBI came out to lime light recently a Month before RBI had given its deadline to UBER to streamline all its payments via India or to Quit India i hope. As everyone expected UBER identified a partner in India who is having good reputation in US Market / funded by a US Investor, PayTM funded by SAIF partners ,Intel  Captial and SAP Ventures till date.

So UBER has finally managed to solve there payment collection issue, wherein RBI's deadline to UBER's payment collection mechanism in India before October 2014. As per RBI's mandatory 2-step payment mechanism has been introduced to UBER customers so that they are automatically charged towards the end of their trip with these Indian cab operators have to follow the 2-step mechanism via PayTM gateway.  >:( I dont know what they will do for cash handlers in our Indian Society which was very big then any medium's in India.  :yes

In context to it UBER had had opted with Paytm to offer wallet integration with your debit card, net banking or credit card. Once you link your debit card or bank account via a Paytm wallet to your UBER account, you'll easily be able to top up your wallet using multiple payment options which was expected as usual as an alternate option to topup users account and make payments faster on the go , they call. Like the same used by UBER's rival / competitors companies in India, Ola or TaxiForSure and Meru cabs have already launched their wallet service. But the biggest point is Paytm wallet option is available only on ios and android, but not in windows or balckberry phones or even java / symbain phones.  :laugh:

But as we all know who could be the reason behind this RBI's approach to notice UBER may be upset with this paytm move out by UBER INDIA. So now UBER will constantly get its problem in India like one expected now on Uber's trouble in India over service tax related issues.
  ;)