Menu
Uber starts experimenting with cash payments in India

Uber starts experimenting with cash payments in India

The ride-hailing company will let its drivers accept cash for the first time

Uber starts experimenting with cash payments in India

Uber starts experimenting with cash payments in India

Uber, known for its no-hassle, no-cash payment system for rides, will start testing cash payments in India in the coming week.

The experiment will take place in the city of Hyderabad and marks a change from the credit card payment strategy that it has favored so far. It is the first time Uber will accept cash payments, the company said on Tuesday.

Hyderabad was chosen because Uber has many drivers and riders in the city, whose population was estimated at about 8.6 million people by the U.S. government in 2014. People can select the cash option up front in the Uber app and pay the amount shown at the end of the ride, it said.

Uber did not respond to a request for comment.

India seems an obvious place for the ride-hailing company to start experimenting with cash payments. While card-based transactions are gaining acceptance there, most payments are made in cash, according to a recent study from market research company Euromonitor.

However, Euromonitor predicted the number of credit card payments will keep rising steadily in the coming years. It also noted that there is "tremendous growth" of electronic transactions in the country, thanks to broader Internet access and booming sales of low-cost smartphones.

Smartphone shipments in India jumped 90 percent year over year in the fourth quarter of 2015, with 21.6 million units shipped, research firm Canalys reported in February.

While Uber users in Hyderabad will be able to pay cash, they still need an Uber account to book a ride, and a credit card is required to get an account. However, it's not necessary to have a minimum balance in their Paytm wallet, which was introduced for Indian users last year, Uber said.

Loek is Amsterdam Correspondent and covers online privacy, intellectual property, online payment issues as well as EU technology policy and regulation for the IDG News Service. Follow him on Twitter at @loekessers or email tips and comments to loek_essers@idg.com

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags mobile applicationsmobileUber Technologies

Slideshows

Top 50 defining moments of the New Zealand channel in 2016

Top 50 defining moments of the New Zealand channel in 2016

Reseller News looks back on a tumultuous 12 months for the New Zealand channel, assessing the fallout from a year of sizeable industry change. Whether it be local or global mergers and acquisitions, distribution deals or job changes, the channel that started the year differs somewhat to the one set to finish it - Reseller News assesses the key moments that made 2016.​

Top 50 defining moments of the New Zealand channel in 2016
​Hewlett Packard Enterprise honours high achieving NZ channel

​Hewlett Packard Enterprise honours high achieving NZ channel

Hewlett Packard Enterprise honoured its top performing Kiwi partners at the second running of its HPE Partner Awards in New Zealand, held at a glitzy ceremony in Auckland. Recognising excellence across eight categories - from distributors to resellers - the tech giant celebrated its first year as a standalone company, following its official split from HP in 2015.

​Hewlett Packard Enterprise honours high achieving NZ channel
Nutanix treats channel partners to Christmas cruise

Nutanix treats channel partners to Christmas cruise

Nutanix recently took to the seas for a Christmas Cruise around Sydney Harbour with its Australia and New Zealand staff, customers and partners to celebrate a stellar year for the vendor. With the sun out, they were all smiles and mingled over drinks and food.

Nutanix treats channel partners to Christmas cruise
Show Comments