To compete with local taxi-riding companies
that accept rupee
payment and reach new customers, Uber
tested its global first cash as a payment option for rides in Hyderabad earlier this year. The latest to join bandwagon is Bengaluru and Delhi.
The US-based taxi-riding app
introduced cash payments in India as cash is a dominant payment option for millions in the country. And for bringing this new payment mode, Uber drifted from its thesis of cashless business model
around the world. This clearly showcases that how important India is to the taxi aggregator
Uber riders can now choose to make payment via credit cards, debit cards, cash, PayTM mobile wallet, or Airtel
Also Read to this article: Payment Banks: Are We Ready For Them?
The service, which was initially started in Hyderabad, now covers Ahmadabad, Chandigarh, Jaipur, Kochi, Bhubaneswar, Chennai, Coimbatore, Guwahati, Hyderabad, Indore, Kolkata
, Mysore, Nagpur, Nashik, Pune, Surat, Thiruvananthapuram, Vadodara and Visakhapatnam
But even now, Mumbai is still missing from the list, but Uber has promised that the service will soon be rolled out in this city as well.
Recently, Uber announced that it will invest
approximately Rs 6,400 crore in its Indian operations by next year.
(Image: The Economic Times)