In a press conference, Uber has announced that they have partnered up with National Payments Corporation of India (NPCI) and banking partners Axis Bank and HDFC Bank to allow their Indian customers to pay through Unified Payments Interface (UPI).
National Payments Corporation of India launched UPI to make fund transfer across banks easy for the pass. Its quite like PayTM but the main difference is that the money is directly transferred from account to account rather than a wallet as middleman. While the Axis Bank enables UPI integration for the riders, HDFC will let the driver partners access using BHIM app.
Image Courtesy – Android Authority
Uber started the journey with Paytm and cards. Later enabled cash transection. Followed by airtel money and now UPI. From this we can see that Uber is serious about their position in India since Ola is still the popular cab service here.
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