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Reliance Jio Hails Uber Ride in Payments Battle with PayTM

Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm's Jio Money.

Reuters

Updated:February 21, 2017, 8:20 AM IST
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Reliance Jio Hails Uber Ride in Payments Battle with PayTM
Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm's Jio Money. (Image: Reuters)
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Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm's Jio Money.

Read more: Uber CEO Orders Urgent Investigation on Sexual Harassment Claims By Ex Employee

Reliance said on Monday it had struck a partnership with Uber Technologies Inc which will help it challenge PayTM's dominance in digital payments.

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Such transactions rose in popularity after a cash crunch caused due to the Indian government's move to scrap some currency notes in November.

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Reliance, which launched Jio Money in December, said it also plans to soon allow users to book and pay for Uber rides from the app itself, a feature that PayTM does not offer.

Read more: Apple Set to Begin India Manufacturing Soon With iPhone SE

(Disclaimer: News18.com is part of Network18 Media & Investment Limited which is owned by Reliance Industries Limited that also owns Reliance Jio)

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