Paytm deepens ties with Uber; will process card payments and provide financial services to driver partners

Tuesday, 18^thFebruary 2020, Delhi: Paytm, India’s largest payment gateway, has strengthened its partnership with Uber by adding credit & debit processing and will enable users to complete card transactions seamlessly.

This partnership will allow Uber to leverage the strength of Paytm’s card acquiring capabilities, in addition to the existing wallet integration to provide Riders with the best user experience.

Paytm’s Payments Bank, India’s biggest and only profitable payments bank, will also provide a range of services to Uber’s driver-partners under the Uber Care program such as savings accounts, zero-fee debit cards and significant cashback at Indian Oil, Paytm FASTags among others. To encourage drivers to conveniently open bank accounts and purchase and use Paytm FASTags, the Bank has set up over 12 camps at Uber’s Greenlight hubs across all major cities including Delhi-NCR, Bangalore, Mumbai Chennai, Hyderabad, Kolkata, Chandigarh, Pune, Ahmedabad and Guwahati.

Puneet Jain, Sr. Vice President at Paytm Payments Gateway said, “Uber and Paytm have been long-standing partners. We are extending this partnership to a full-stack payment gateway. This integration will benefit millions of Uber riders to make seamless instant payments from their cards which might be already saved on Paytm."

Nandini Maheshwari, Director, Business Development, Uber India & South Asia, said, “Paytm is a valued and trusted partner for Uber. Facilitating millions of trips weekly, our priority is always to provide exceptional customer service to our riders and a range of welfare benefits to our driver partners to maximize their earning potential. With the latest credit and debit card integration with Paytm, we hope to promote more digital transactions, reduce cash dependency on the platform and improve the country’s digital financial infrastructure.”      

Paytm’s payment gateway has been the preferred service provider for India’s digital ecosystem and commands the leading market share. It allows businesses of all sizes to receive payments through different channels including email, SMS, and chat. Paytm’s bouquet of services includes several unique features, such as Payouts & Recurring payments, that address the needs of both B2B and B2C companies.