US taxi-hailing app Uber Technologies today said it will accept payments through credit cards from its riders in India.
The service will start from July 13 and customer could now pay for all Uber rides using international and Indian credit cards, the company said.
It will be available to all Android users immediately while iOS users would be able to avail of this service in the coming weeks, it said.
Following RBI regulations, there shall be two factor authentication flow built in to the app, and customers would have to enter online banking pin or one—time password before company could charge the fare to customer’s card, Uber said in a statement.
“While we now accept credit cards, we continue to accept Paytm Wallet as a mode of payment,” the company said.
Earlier, the company had run into regulatory hurdles with Reserve Bank raising objections to its payment system as it had not included the two—step authentication process. Uber was then 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.
The company said it will accept all major credit cards issued by Mastercard, Visa and American Express.