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Oct 30, 2014
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Uber gets more time to meet norms on payment
Uber, the taxi-hailing smartphone app which had come under the RBI scanner for flouting its two-step credit card verification procedure while processing payments, has been granted an additional month to transition to an all new payment system. The central bank had earlier given the San Francisco-headquartered startup time till October 31 to come up with an alternate payment method after a group of taxi operators complained to the RBI about Uber not adhering to the RBI rules in July.
Source -
http://timesofindia.indiatimes.com
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