India-based Paytm, an established payment gateway, has teamed up with ride-hailing app Uber in order to add credit and debit processing and will allow customers to easily perform card transactions.
Uber will use the existing digital wallet integration with Paytm’s platform to offer riders a convenient way to pay with their bank-issued cards.
Paytm’s Payments Bank will offer several different services to Uber’s driver-partners, as part of the Uber Care program. This will include savings accounts, zero-fee debit cards and cashback at Indian Oil and Paytm FASTags. Drivers can easily open new bank accounts and buy and use Paytm FASTags. The bank has established more than 12 camps at Uber’s Greenlight hubs across Ahmedabad, Guwahati, Chandigarh, Delhi-NCR, Bangalore, Mumbai Chennai, Hyderabad, Kolkata, Pune.
Puneet Jain, senior VP at Paytm Payments Gateway, noted that Uber and Paytm have been working cooperatively for a long time.
“We are extending this partnership to a full-stack payment gateway. This integration will benefit millions of Uber riders to make seamless instant payments from their cards which might be already saved on Paytm.”