Uber today announced it is restarting accepting debit card payments from users in India. The taxi hailing service had to withdraw all card payments from its app for failing to adhere to two-factor authentication, as mandated by the Reserve Bank of India. Also Read - Uber cab service resumed in 31 cities in India with new Lockdown 4.0 guidelinesAlso Read - Uber launches 'Uber Connect' package delivery service to rival Dunzo and Swiggy Genie
The startup, which is valued in excess of $50 billion, had partnered with Paytm to offer a mobile wallet that users had to top up to pay for their Uber rides. Last month, Uber tied up with MobiKwik to start credit card payments. Now users will also be able to add their debit cards to make payments in 19 cities starting today. Also Read - Uber to operate 'Essential' cab service to hospitals and pharmacy stores in 4 cities
The MobiKwick solution offers two-factor authentication as mandated by RBI. Apart from Paytm Wallet and card payments via MobiKwik, Uber also offers cash payment in six citties – Ahmedabad, Chandigarh, Hyderabad, Jaipur, Kochi and Pune.
However, all is not well for Uber in India as it still faces regulation hassles especially in Delhi. The government had first banned all app-based taxi hailing services like Uber and Ola cabs, among others, after a rape incident. The government had then said that these services did not have a valid license to operate in the capital and wanted them to register as a Radio Taxi service.
More recently, the government has raised objections over the use of taxis with All India Tourist Permits and the fact that many of them are not running on CNG, a move that Uber has vehemently opposed.
India is Uber’s second largest market after the US and the company has aggressive plans. Last week the company announced plans to invest $1 billion in its India operations over the next nine months and has aimed to reach a million rides a day.