US-based taxi-hailing app Uber has partnered with mobile payment service provider MobiKwik for powering credit and debit card payments on its platform.
Under the partnership, Uber will use MobiKwik for powering their new credit and debit card payment experience
This addition of credit and debit card payments will make the life of Uber India users much easier, giving them a choice of payment option that was missing earlier.
Earlier, Uber had run into regulatory hurdles with the Reserve Bank of India (RBI) raising objections to its payment system as it had not included the two-step authentication process and was asked to comply with the regulatory norms.
Following the RBI order, Uber changed its payment method and partnered with an India-based virtual wallet provider, Paytm.
With the new option being made available, users now need to tap on the credit card option, add their credit or debit card details and make a fully secure two-factor authenticated (2FA) payment powered by MobiKwik.