July 13, 2015
Uber will start accepting credit cards again in India:
So what was the issue? The issue is explained with this picture below:
When Uber started in India, they brought their world-renowned payment experience. The frictionless and invisible payment method wherein you link your credit card and it automatically gets debited when you finish your journey and get out of the car. But in India, according to RBI, you require two-stage authentication to do a transaction. Now, the Uber app and its payment experience was not built to accommodate that. Therefore, they had to bring a stored-value wallet into the picture to enable fr ...