Uber, the cab service provider, has declared UPI (Unified Payments Interface) incorporation in a joint venture with NPCI (National Payments Corporation of India) and banking partners HDFC Bank and Axis Bank in India this week. After this incorporation, Uber users will now be capable of making transaction through UPI.
The Uber UPI incorporation allows users to even generate UPI IDs utilizing the Uber app. Users can pay for their Uber ride straightly from the application. In order to utilize UPI as a transaction way, the users have to follow a process of one-time registration.
Speaking of the integration, SVP-Global Business of Uber, David Richter, claimed, “We are proud to be an associate in the monumental mission of the government to make digital transactions lead the society and are delighted to declare integration of UPI, an important joint step for unlocking the capability of fintech innovations in pacing the development of the digital economy of the nation. Uber, similar to various other tech firms in India and around the globe, depends on users being capable of frequently making low value transactions with negligible friction. UPI incorporation will bring millions of driver and riders associates into the digital transaction ecosystem, providing them one more seamless and secure interface for payment and boost the digital payment revolution of the nation.”
In addition to this, the company is all geared up to roll out its personal and own mobile wallet. The company has rolled out invites for an introduction event that will be conducted in August where it will supposedly reveal its mobile wallet. On the other hand, the firm has not yet declared a tad bit information regarding the same, but going as per the invite we think it will rollout such service. The firm has also associated with most of the banks, which additionally confirms that they may roll out their personal and own wallet.
On a similar note, Uber lately rolled out “Uber for Business” in India. The main goal of the firm behind this roll out is to provide companies a more well-organized way to improve employees’ experience and handle their business travel.