New Delhi, Aug 23: The Cab serviced based company Uber India on Wednesday launched a comprehensive Unified Payments Interface (UPI) integration in partnership with the National Payments Corporation of India (NPCI), Axis Bank and HDFC Bank.
The company partnered Axis bank to launch UPI integration for riders and HDFC bank to facilitate access to BHIM for driver partners.
"India's digital payments economy alone will be bigger than $500 billion in the next five years. Integration of Uber app with UPI-BHIM will boost the digital economy of India," said IT Minister Ravi Shankar Prasad at an event here.
"The UPI integration will bring millions of riders and driver partners into the digital payments ecosystem, offering them another secure and seamless payment interface and bolster the nation's digital payment revolution," added David Richter, Senior Vice President-Global Business, Uber.
According to the company, through the steadfast adoption of BHIM over the next few weeks among its over 285,000 weekly active drivers, the move will additionally enable over 450,000 registered drivers on the Uber platform to experience the power of UPI.
"Since nearly 60 per cent of app-based taxi drivers continue to make cash transactions, Uber's integration with BHIM/UPI will provide a positive stimulus to strengthen the adoption of digital payments," said Dilip Asbe, Chief Operating Officer, NPCI.
Hyderabad, July 23: It seems to be that TRS President and Telangana chief minister K Chandrasekhar Rao is under pressure to move to New Delhi, leaving the state in the hands of his son K T Rama Rao. ..Written by : SMTV24x7 | 05:28 PM
Kolkata, July 23: It is a known news that a cricketer in Indian needs to pass the Yo-Yo Test if he wishes to represent the national team. The dreaded test has been in the news for well over a year now ..Written by : SMTV24x7 | 05:25 PM
Hyderabad, July 23: Tejaswi Madiwada is the only glamour face in the Telugu 'BIGG BOSS' season 2. She is now out of the show as she was eliminated last weekend. Why did the 'Bigg Boss' makers prefe ..Written by : SMTV24x7 | 05:07 PM
Hyderabad, April 12: Nagarjuna's song "Ninnu Roddu Meeda Chusnadi Laggayithu" one of the most popular songs in 1990's. The Song has got a tremendous response in that time. The SOng was super hit film ..Written by : SMTV24x7 | 05:04 PM
Hyderabad, Apr 10: Preparations related to NTR Rama Rao biopic are ongoing. Bala Krishna is playing the role of NT Rama Rao while the rest of the cast has to be finalized. The selection process for th ..Written by : SMTV24x7 | 02:13 PM
Hyderabad, Apr 03: Power star Pawan Kalyan has congratulated on the hit of Rangasthalam team here on today. Pawan spoke to Charan after watching "Rangasthalam" on the special screen, he told that h ..Written by : SMTV24x7 | 04:47 PM
Hyderabad, Mar 26: The Tollywood Gorgeous actress Anushka Shetty had a fabulous start to 2018 with the solid success of Bhaagamathie. Although there have been several rumors on her future projects ..Written by : SMTV24x7 | 03:04 PM
New Delhi, July 23: In a significant developm ..
New Delhi, July 23: In a big shock to leading ..
New Delhi, July 23: In cruel incident emergin ..
Hyderabad, July 23: One of the Telugu newspap ..
New Delhi, July 23: The Congress party's high ..
Hyderabad, July 23: The 'UTS On Mobile' App w ..
New Delhi, July 22: In a good news for girl s ..
Hyderabad, July 22: The comments made by Prim ..
New Delhi, July 22: The Chinese smartphone co ..
Ghaziabad, July 22: In another ghastly incide ..
New Delhi, July 23: Indian Prime Minister Nar ..
Washington, July 23: US President Donald Trum ..
New Zealand, July 23: In a shocking news, A ..
Washington, July 22: US President Trump, Russ ..
New Delhi, July 20: Nowadays we are seeing a ..
San Francisco, July 20: In a shocking news ..
New Delhi, July 20: Cristiano Ronaldo has ..
New delhi, July 19: In a further tightenin ..
London, July 18: Reportedly, it is informe ..
England, July 17: In a shocking news, A man d ..
Kolkata, July 23: It is a known news that a c ..
New Delhi, July 29: Lancashire paceman Jordan ..
Colombo, July 22: South African batsmen Hashi ..
Hyderabad, July 22: Nizamabad TRS MP Kalvakun ..
New Delhi, July 21: In a shocking news, Bangl ..
New Delhi, July 19: Mahendra Singh Dhoni h ..
New Delhi, July 19: As we all knew that, M ..
New Delhi, July 18: The Former Indian Cricket ..
France, July 16: France have won the 2018 Wor ..
Nottingham, July 13: India defeated England b ..
Washington, July 23: In a major development, ..
Japan, July 23: In a major development, Sony ..
New Delhi, July 23: The messaging App, Snapch ..
New Delhi, July 23: In order to counter Redmi ..
New Delhi, July 21: Reliance Jio has introduc ..
Hyderabad, July 21: In a move that will direc ..
Hyderabad, July 19: Tollywood incredible l ..
New Delhi, July 19: Mobile giant Xia ..
China, July 17: The trendsetter of the mob ..
New Delhi, July 10: The company has priced th ..