Uber introduces Paytm digital-wallet payments in India in response to new e-commerce ruling

Uber introduces Paytm digital-wallet payments in India in response to new e-commerce ruling

Uber has been ramping up its presence in India in recent times, and today the increasingly ubiquitous taxi service announced that it’s now allowing local Uber users pay for rides with their debit card or net banking, as well as their credit card.

FireShot Screen Capture #347 - 'NEW PAYMENT OPTIONS MAKE UBER AVAILABLE TO 600 MILLION INDIANS I Uber Blog' - blog_uber_com_walletThis shift, it seems, is a direct response to new guidelines announced back in August, after the country’s reserve bank (RBI) stipulated that e-transactions must be must be done through a bank located within India, rather than routed straight through international payment conduits.

The result? A new digital wallet powered by Paytm, an India-based online payment platform.

So while a user will top up their wallet using their card, the actual payment to Uber is now deducted directly from the virtual wallet. The minimum recharge value is Rs. 100 (about $1.60).

NEW PAYMENT OPTIONS MAKE UBER AVAILABLE TO 600 MILLION INDIANS [Uber Blog]

Read next: PlayStation Vue: Sony's cloud TV service launches in the US this month