The country's fifth-largest software services firm has seen high initial success in the area, where it now plans to sharpen the focus, a top executive said.
RBI opened applications for BBPS’ earlier this year and companies ranging from banks, telecom operators and wallet firms applied.
ET had reported, earlier in December, that Uber India Systems, which provides marketing and support services to Uber, posted a 442% jump in its revenues for the year ended March 2016.
After Uber sold off its China operations to Didi Chuxing earlier this year, it has further accelerated its efforts in India, which is now its second-largest market after US.
Walker said the government should not “rush” to regulate. “Sometimes, if you regulate first and ask questions later, you inadvertently cut off the opportunity for experimentation,” he said.
Approvals have been stuck for almost a year after the finance ministry raised some concerns over the scheme, calling it “open-ended.”
Centre to cap total incentives under M-SIPS at Rs 10,000 crore
A simplified app for Aadhaar payments is also in the works which will have a standard interface and is likely to be launched next week.
Uber operates across 73 countries. India has became the largest market outside the United States for Uber and accounts for 12 per cent of all Uber trips globally.
Software industry has raised serious concerns about the National Policy on Software Products. The government says specification can hurt innovation but may increase window for consultation to get more feedback.
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