Private taxi cab firm Uber has started accepting credit card payments in India again.
Array
Last year, legislation forced it to switch to a mobile wallet payment system.
Array
According to the Techcrunch.com, the company has partnered with mobile payment processing company MobiKwik to resume card payment along with support for debit cards. The new system is in accordance with regulations from the Reserve Bank of India which require two-factor authentication for when a cardholder is not presented physically.
So if the users use a credit card to pay for their next ride, they will also need to enter their online banking PIN or a one-time password generated and sent by their bank over SMS to complete the transaction.
The feature is available to Android users and will be available to iOS in the coming weeks.
Also, Uber supports cash payments for its auto-rickshaw rides and it is testing cash payments for all its services in Hyderabad.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
