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Indian Uber users could soon pay via Paytm while travelling abroad

Speed News Desk | Updated on: 10 February 2017, 1:49 IST

Now Indian Uber users travelling abroad will be able to pay for their Uber rides via Paytm, said the cab hailing service.

Uber said a new partnership with China's Ant Financial Services Group and India's Paytm will allow Indian and Chinese travelling abroad to pay for their rides using these payment apps in over 400 cities.

Paytm is currently among India's largest digital transaction platforms, surpassing biggest online retailer Flipkart which ships about 8 million products per month.

In comparison, Paytm does 2 million transactions each day, mostly online recharges.

"We are aiming at about 1 billion transactions a day annually by next year. We will become the cheapest online wallet transaction mechanism and are moving to a zero transaction fee vision," Vijay Shekhar Sharma, CEO and founder of Paytm, told Tech in Asia.

Uber's collaboration with Paytm is a part of larger collaboration with Alipay. Alibaba Group is a large strategic investor in Paytm.

First published: 4 May 2016, 11:26 IST
 
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