wordpress blog stats
Connect with us

Hi, what are you looking for?

Now pay for Uber with Airtel Money; free 4G in Mumbai Uber cabs

uber airtel

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 1.7 million active customers, transactions of Rs 1238.30 crore. In 2011, Airtel had partnered with SBI for a mobile payments joint venture that went nowhere. This time, it has partnered with Kotak Mahindra Bank for the Payments Banks license. Kotak Mahindra Bank is expected to pick up 19.9% stake in the JV.

TOF’s Uber funding
Earlier this week, Tata Opportunities Fund (TOF) was set to make a ‘significant investment’ in cab aggregating app Uber to expand its services and solutions in India, by making use of TOF’s network within the Tata Group and outside of it. Uber, which was founded in 2009, currently claims to have a 40% month on month growth rate and a supposed 35% market share in India. Earlier this month, Uber told MediaNama that it had around 150,000 registered cars in its fleet after rival Ola claimed to own 80% of the online cab market share by registered vehicles.

Advertisement. Scroll to continue reading.

Microsoft and BCCL’s Uber investment
Two weeks ago, Uber raised around $1 billion in funding from Microsoft and The Times Group’s parent company Bennett, Coleman and Company Limited (BCCL), bringing the company’s total funding to over $5 billion according to reports.

Also read:
Uber cars damaged in Mumbai and Pune; Offline is protesting
Ola offers free WiFi, other features in a rewards program


Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

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...


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...


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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ