In a bid to bolsters its financial technology presence in India, Uber has put an Uber Money team into place in Hyderabad. Uber Money teams are already located in Palo Alto, Amsterdam, New York and San Francisco tech centres.
The Uber Money team will be geared toward putting into place new payment methods, harnessing smart routing technologies for payment gateways, using Uber artificial intelligence (AI) models for intelligent risk decisions and enabling as well as developing financial compliance tools.
The team will be made up of over 100 technology professionals tasked with global financial products as well as technology innovations at its Hyderabad Tech Center that would reportedly make it the inaugural facility in the Asia-Pacific region.
It will enable upcoming new worldwide improvements as well as features, with the inclusion of real-time earnings, among other features.
Naga Kasu, engineering director and Hyderabad site lead, Uber, said per the report, “The Uber Hyderabad Tech Centre has the best in class fintech talent specializing in risk, payments, financial reporting and analytics platform engineering. Besides engineering, we are investing in growing and scaling data science, analytics, and product management organizations to transform Hyderabad into a full spectrum tech site for Uber.”
Uber Money in India would be reportedly based on Unified Payments Interface (UPI), the real-time payment system of the National Payments Corp. of India (NPCI).
