Using Paytm Wallet to pay for Uber rides? The company has a message for you
Uber, a popular ride-hailing app in India, is switching up its payment methods because of some problems with Paytm Bank. Paytm Wallet has been a common way for people to pay for Uber rides, but now, because of issues between Paytm Bank and the Reserve Bank of India (RBI), Uber is making changes.
Starting March 16, 2024, Uber won’t let users add money to their Paytm Wallets through the app anymore. This is because the RBI, which regulates banks in India, has told Paytm Bank to stop certain services. However, if you already have money in your Paytm Wallet, you can still use it to pay for Uber rides even after March 16.
Uber has been sending emails to its users to let them know about these changes. They’re advising people who use Paytm Wallet on Uber to either make sure they have enough money in their wallets before March 15 or switch to a different way to pay for rides.
In the email Uber sent out, they said: “According to the RBI’s recent instructions, users won’t be able to add money to their Paytm Wallets after March 15, 2024. But don’t worry, if you have money in your wallet, you can still use it to pay for Uber rides after March 15, 2024.”
To make things easier for users, Uber is suggesting a few alternative payment methods. You can choose to pay for your Uber rides using Amazon Pay, Uber Cash, UPI, or Credit/Debit Cards. And of course, you can always pay with physical cash if that works better for you.
