India’s most loved/hated cab company, Uber, can now accept credit card payments in India. The US-based company issued a public statement yesterday stating that it will now accept all major national and international credit cards for payment from riders in the country starting July 13.
There is a small catch for iOS users though. To avail this payment option, iOS users will have to wait for a week or two for Uber to push out an update. Android users on the other hand can link and use their cards immediately.
“Following RBI regulations, there shall be two factor authentication flow built-in to the app, and customers would have to enter online banking pin or one-time password before company could charge the fare to customer’s card. While we now accept credit cards. We continue to accept Paytm Wallet as a mode of payment.”
For those who are wondering why Uber did not accept cards in the first place, the answer is simple: Uber was not following the RBI guidelines for cashless payments including the two-factor authentication process.
The company was granted relief by the high court last week following which Uber is all set to establish huge offices in major cities across India. Uber currently supports any Visa, MasterCard or Amex with support for RuPay cards arriving soon!