Uber's partnership with Jio Money means more competition for Paytm

India’s largest digital wallet, Paytm, will face competition from Reliance Jio Infocomm for making payments on ride-hailing platform Uber, its largest merchant partner in the country.

Uber and Reliance Jio announced the signing of a strategic partnership on Monday that would allow users of the San Francisco-based company’s services to pay for rides using Jio Money. In addition, users of Jio Money will have the option of booking a ride on Uber from within the app.

“Digital payments have become part of our everyday lives and by integrating Jio Money as a payment option, our riders will have the ability