Home Retail Uber to launch its own Mobile Wallet in India

    Uber to launch its own Mobile Wallet in India

    By  
    SHARE

    US-based cab service provider Uber is reportedly planning to come up with its own mobile payment wallet in India. It is planning to apply to RBI for the licence.

    Currently, Uber customers  can pay for  trips via the wallet. Uber has recently tied up with Airtel Money to facilitate payments via the latter’s wallet as well.

    The latest plan is in line with the firm’s ambition to make India its second biggest market after the US. It recently entered four new Indian cities, taking  its number to total 22 cities.

    “It would be a natural progression for Uber in India given the importance it attaches to Indian market.The growth plans will get a further boost if it gets the nod from RBI for a semi-closed wallet,” an Uber spokesperson was quoted as saying.

    In India, the three leading app based cab service providers -Ola, Uber and Meru Cab -do not have their wallets and have tied up with mobile payment wallet companies such as Paytm and , which possess the licence.