Pay for Uber Rides with Paytm Wallet? Read This

By: Insha Hashmi

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Updated on: 02-Mar-2024

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Uber, India's ride-hailing app, is implementing changes to its payment methods due to issues with Paytm Bank. Starting March 16, 2024, users will no longer be able to add money to their Paytm Wallets through the Uber app.

Uber will no longer allow users to add money to their Paytm Wallets on March 16, 2024, due to regulatory issues. Existing balances can still be used for rides. Uber advises users to ensure sufficient funds before March 15 or switch to alternative payment methods like Amazon Pay, Uber Cash, UPI, Credit/Debit Cards, or cash.

In an email to subscribers, Uber claimed that, under the RBI's latest directives, users would be unable to contribute money to their Paytm Wallets after March 15, 2024. However, current wallet balances can be utilized for Uber trips after this date. Uber has offered alternate payment options for users, such as Amazon Pay, Uber Cash, UPI, and Credit/Debit Cards. Uber users may also pay for their journeys with cash.

If you're an Amazon Prime member, you can get an additional benefit when you use Amazon Pay to pay for Uber trips. You'll get 5% cashback on all rides, with 4% added to your Uber account and 1% in your Amazon Pay wallet. This not only saves you money on future Uber rides, but also while buying at Amazon.in.

The decision to move away from Paytm Wallet comes as Paytm Bank faces regulatory issues from the RBI. Uber wants to make sure that its users can continue to pay for rides easily, which is why it is offering these alternate choices. you minimize disruptions in your Uber trips, please make sure you switch your payment method by March 16.

Conclusion:

In conclusion, Uber's decision to discontinue Paytm Wallet as a payment option is a response to challenges faced by Paytm Bank from the RBI. To maintain a smooth payment experience for users, Uber is offering alternative options such as Amazon Pay, Uber Cash, UPI, and Credit/Debit Cards. It's crucial for users to update their payment methods before March 16 to avoid any disruptions in their Uber rides. With these proactive measures, Uber aims to ensure a seamless transition for its users amidst the changes in payment methods.