Online cab aggregator Uber and telecom operator Bharti Airtel have entered into a strategic partnership to allow Mumbai’s Uber riders to pay with Airtel Money, Airtel’s mobile wallet, in their cab rides in India. In a press statement, Airtel said that all of Mumbai Uber cabs will be equipped with free Airtel 4G WiFi for usage, and that this service will be launched across India soon. Airtel will become Uber’s official telecom partner in India and offer mobile, data and device plans to Uber’s drivers. The Airtel Money payment option will be available other than the pre-existing methods of credit/debit card, Paytm wallet and cash. This will be Airtel Money’s debut into the payments segment, after receiving in principal approval from the RBI to function as a payments bank earlier this week. As a promotion, Airtel is also doling out free monies ($$$$) up to Rs 500 for new Uber users who top up their Airtel Money wallet. The RBI approval would be valid for 18 months, during which the applicant would have to comply with the requirements under the Payments Banks Guidelines. Airtel’s YTS acquisition Last week, Airtel acquired a Mumbai-based mobile payment startup YTS for an undisclosed amount, and appointed Manish Khera, MD & CFO at YTS, as the new CEO of Airtel Money. The company did not disclose how many users it had in India, but as per the last available data, for the quarter ended March 31, 2014, Airtel Money had 38 million transactions and…
- AI being used to populate content farms that pass off as news websites: NewsGuard report May 24, 2023
- Digital India Act Consultation: Why does Rajeev Chandrasekhar want to remove safe harbour? May 24, 2023
- What must the Digital India Act cover to improve cooperation between law enforcement and service providers? #NAMA May 24, 2023
- Is ex-ante regulation of digital markets a bad idea for India? #NAMA May 24, 2023
- Is ONDC a good intervention model for digital markets in India? #NAMA May 24, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Is it safe to consider all "publicly available data" as public?
PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...