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I think Uber got hurt in India because they used a foreign exchange transaction for moving money between a buyer and seller present in India. Money was being m
by gopalv 12y ago
I think Uber got hurt in India because they used a foreign exchange transaction for moving money between a buyer and seller present in India.
Money was being moved through USA, to avoid adhering to India's jurisdiction on Credit Card charge rules.
RBI is fairly paranoid about forex (like cofeposa).
But I think Uber was schooling the taxis in B'lore on how to deal with customers. Would be a shame if they cancelled out that part for the payment convenience.
Ignore the payment details, the pickup service itself was bloody convenient when I visited Bangalore last month, because I didn't need to have two phone conversations on a pick up about "where are you saar?" and "I see a building called Shiv Sagar on my left".
I'd rather buy "Uber credits" or something, just to avoid that.