Cab Operators Now Want RBI To Simplify Payment, Want Semi Closed Wallet

Why this sudden U-turn?

After bringing Uber to a ‘level playing field’ and forcing the company to change its payment experience in India, cab operators now want RBI to simplify payment.

“We have suggested to RBI to let us start and operate semi-closed wallets which can then be used to buy other things as well,” Siddharth Pahwa, CEO and founder of Meru Cabs.

– Read : Uber India Not Just Violated RBI’s Guidelines, but FEMA Rules Too : Meru CEO
The taxi association of India has also appealed to RBI to allow them to offer overdraft facility up to a certain amount to passengers who overshoot wallet limits during a ride (via).
Why this sudden U-turn? Were they afraid to acknowledge Uber’s seamless experience?


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