Indian consumers force Uber to opt for cash payment

The US based company changes in policy for the first time in the world to allow cash payment

GN Bureau | May 12, 2015


#Uber   #taxi-hailing   #Hyderabad   #cash payment   #credit cards  

India is a different kind of an economy and global companies have been reinventing themselves to do business in the country. Now, the taxi-hailing service provider Uber has gone for cash payment option, a global first for the US-based company.

The cash payment service is being launched in Hyderabad. Globally, it accepts payments using credit cards. In India, customers can pay for rides using Paytm's mobile wallet as well. The cash option will be rolled out gradually over the next few days, the company said.

According to Uber the new payment service will help it gain a deeper understanding of consumer behavior in India and usage trends to help develop more robust payment options. "This is an experiment and a global first for Uber across our 300-plus cities. We have worked hard to create a seamless cash payment option that is truly Uber," it said.

Users would need to choose the 'Cash' option, take a ride and pay the driver directly in cash at the end of the trip. However, users will not be able to make part payments on cash trips with their Paytm wallet.

There would be no booking fee or additional charge to riders.

Over the last few months, Uber has introduced a number of features like SOS and send status features for customers in India. Last month, it had launched an aggregator service to book auto rickshaws for traveling in Delhi, where customers could pay the fare in cash.

Meanwhile in the US, the company is in talks to raise around $1.5 billion in financing after raising a total of more than $2 billion from investors in June and December last year, which could value it at $50 billion, or even higher.

Uber Technologies has also welcomed Filipino government’s regulations classifying app-based taxi services as public utility vehicles, calling the move a historic one.

A post on Uber's website quoted David Plouffe, senior vice president of policy and strategy, as saying the release of the guidelines makes the Philippines "the first country to create a national dedicated framework for ridesharing."

Comments

 

Other News

Mumbai Metro: Delay on Tracks

In Mumbai, the ninth most populous and congested city on the planet, high rentals compel citizens to spend five hours on an average travelling to work every day. Mumbai’s Metro Rail System extending towards Mumbai Metropolitan Region (MMR) will not only provide East-West connectivity

Sustainable tourism is responsible tourism

Tourism is a huge part of global culture nowadays and is also one of the biggest sources of revenue across the world. According to the World Travel and Tourism Council (WTTC), in 2019, the tourism industry contributed $8.9 trillion or 10.3% to the global GDP. The industry witnessed a massive lull in 2020 d

Fernandes: A Life as Legacy

The Life and Times of George Fernandes By Rahul Ramagundam Penguin/New India Foundation, 624 pages, Rs 799 Amer

India set to enter 5G era

After years of intense preparation, India is about to take the next step in information and communication technology. Prime Minister Narendra Modi will launch 5G services in India on October 1 and also inaugurate the 6th Edition of India Mobile Congress 2022 to be held till October 4, at Pragati Maidan, Ne

Ram Shravan Manan: A musical venture that leads to self-reflection

There is this popular saying that epics are never told, but always retold. Ramayana is one such epic and needs no introduction. Its plot is grounded in sacrifice and the end brings out hope that the good always wins. But how is a centuries-old tale of the prince of Ayodhya still relevant for today’s

Garib Kalyan Ann Yojana extended for three more months

In pursuance of the pro-people announcement made by the prime minister in 2021 and successful implementation of additional food security under PM Garib Kalyan Ann Yojana, the union cabinet has approved its extension for a further period of three months, from October to December 2022. At a ti

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter