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Uber includes JioMoney as a new Mode of Payment for the rides

Reliance Payment Solutions Ltd, and Uber announced an agreement that will help users to pay for their Uber rides using JioMoney

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February 20, 2017: JioMoney, a prepaid payment instruments (PPI) wallet offered by Reliance Payment Solutions Ltd, and Uber on Monday announced an agreement that will enable people to pay for their Uber rides using JioMoney.

Uber will gradually roll out the JioMoney payment option for its users across the country, starting February 20.

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“JioMoney is an integral part of the Jio ecosystem and is fast emerging as a preferred option for digital transactions due to its ease of use, intuitive interface and growing acceptability. JioMoney’s integration with Uber will power the rapid migration of many more Uber transactions to the digital platform,” said Anirban S. Mukherjee, Business Head, JioMoney, in a statement.

The partnership will give a boost to cash-free payments across the country and provide mobility options to millions of Jio users.

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“Through this strategic partnership we are looking to fast forward to digital solutions at scale for the Indian users,” added Madhu Kannan, Chief Business Officer, India and Emerging Markets for Uber.

The partnership between Reliance Jio Infocomm Ltd (Jio), the world’s fastest growing digital services company and Uber is aimed at bringing the benefits of ‘Jio Digital Life’ ecosystem to their users.

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As part of the partnership, Jio and Uber will work together and explore various opportunities to progressively enrich and enhance the ‘Digital Life’ experience of users through complementary programmes. (IANS)

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Uber to Double its Workforce in The Year 2019

The Uber's IPO move came a day after Lyft, its main competitor in the US, deposited paperwork with the Securities and Exchange Commission (SEC) for an IPO

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Uber to double down on hiring techies in India, files for an IPO. VOA

Online ride-hailing platform Uber has announced to double its workforce in the product and engineering departments — from over 500 to more than 1,000 ‘technologists’ — at its Bengaluru and Hyderabad facilities next year.

Uber India aims to hire full-stack teams that include product managers, product designers, data scientists, user researchers, mobile, front-end and back-end engineers, as well as Machine Learning (ML) and Artificial Intelligence (AI) experts, the company said in a statement late Friday.

“In 2018, our tech teams grew by 150 per cent and we are focused on doubling down again in 2019,” said Apurva Dalal, Head of Engineering, Uber India.

According to the company, its tech centres in Bengaluru and Hyderabad are critical to the global mission of developing urban mobility solutions for everyone.

“Engineers are working on exciting areas of Customer Engagement, Rider access (next billion riders), Uber Eats, Maps, Marketplace and Data platforms,” informed Dalal.

Uber said it will continue to hire talent from top engineering universities in the country.

Uber, bengaluru
Photo shows an exterior view of the headquarters of Uber in San Francisco. (VOA)

Uber Engineering India has developed some key innovations such as Uber Lite which is a lighter and faster version of the main app.

Uber currently operates in 31 cities in the country and aims to take its services to other, deeper parts of the country.

Meanwhile, the cab hailing app has filed paperwork for its initial public offering (IPO), The Wall Street Journal reported on Saturday citing people familiar with the matter.

Also Read- Microsoft Wants Regulation For Facial Recognition Technology To Start in 2019

The details of Uber’s filing, including the exact day of filing the paperwork, were not known.

According to reports, the company’s most recent private valuation was $76 billion, when it sold a roughly $500 million stake to car maker Toyota.

The Uber’s IPO move came a day after Lyft, its main competitor in the US, deposited paperwork with the Securities and Exchange Commission (SEC) for an IPO. (IANS)