Reliance's Jio hails Uber ride in payments battle with PayTM
on
Get link
Facebook
X
Pinterest
Email
Other Apps
An employee walks at the office of ride-hailing service Uber in
Gurugram, previously known as Gurgaon, on the outskirts of New Delhi,
India, April 19, 2016. REUTERS/Anindito Mukherjee/File Photo
MUMBAI: Uber users in India, who until now had Chinese
Internet giant Alibaba-backed PayTM as the only payment wallet option
available to book a ride, will now be able to pay through Reliance Jio
Infocomm's Jio Money.
Reliance said on Monday it had struck a partnership with Uber
Technologies Inc which will help it challenge PayTM's dominance in
digital payments.
Such transactions rose in popularity after a cash crunch caused due
to the government's move to scrap some currency notes in November.
Reliance, which launched Jio Money in December, said it also plans to
soon allow users to book and pay for Uber rides from the app itself, a
feature that PayTM does not offer.
(Reporting by Zeba Siddiqui in Mumbai; Editing by Alexander Smith)
Comments
Post a Comment