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

Sowing wheat earlier can help increase yields in India: US researcher

Yield gaps in wheat production in India can be countered with an earlier sowing date, says a University of Michigan researcher.   Using a new way to measure wheat yields, Meha Jain, assistant professor at the U-M School for Environment and Sustainability, found that the wheat yie

Giving birth as a Baiga

Kharpariya village, about 50 km from the headquarters town of Madhya Pradesh’s Mandla district, is like many villages in the region, home to the Baiga, deemed a particularly vulnerable tribal group (PVTG) for whom permanent contraception methods are banned to prevent extinction. However, care for p

Being the prime minister’s brother

Somabhai Modi says he remembers only one occasion when he offered his younger brother prime minister Narendra Modi advice regarding work. This, he says, was when Modi was chief minister of Gujarat. After one of his weekly grievance redressal sessions, the then chief minister had enquired after the well-b

Should ration cards not linked to Aadhaar be rendered ineligible?

Should ration cards not linked to Aadhaar be rendered ineligible?

INS Kiltan commissioned into Indian Navy

 INS Kiltan, the third anti-submarine warfare (ASW) stealth corvette built under project 28 (Kamorta class), was commissioned into the Indian Navy by defence minister Nirmala Sitharaman at the naval dockyard in Visakhapatnam.    The anti-submarine warfare stealth corvet

SAIL`s special grade steel used to build stealth corvette

Maharatna enterprise, Steel Authority of India Ltd. (SAIL) has supplied defence grade micro-alloyed grade of steel (DMR 249A) steel plates for the indigenously built anti-submarine warfare (ASW) stealth corvette INS-Kiltan commissioned into Indian Navy.    SAIL’s integ



Video

Grand Diwali celebrations in Ayodhaya on eve of diwali

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter