Mega Cabs Pvt. Ltd. plans to begin accepting credit card payments in its fleet of taxicabs in India later this month, an official from the New Delhi-based cab operator tells PaymentsSource.
The company is importing payment terminals for its cabs from an overseas vendor, the official says, declining to disclose the company’s name or country of origin.
The cabs will begin accepting credit cards by the end of June, he says. “We are talking to a bank as well for providing the processing services,” the official says.
Though India does not require card acceptance in cabs, many operators are looking to offer the service, especially in preparation for the Commonwealth Games in October that will attract large numbers of foreign visitors.
Earlier this year, another operator, Meru Cabs Pvt. Ltd., enabled its customers in New Delhi, Mumbai, Hyderabad and Bangalore to pay fares with credit and debit cards under a deal signed with Mumbai-based Axis Bank (see story). That company reportedly is importing terminals from an Italian vendor.
Mega Cabs launched in 2001 and operates in Mumbai, New Delhi, Chandigarh and three other cities in India. It has 700 cabs and plans to increase its fleet size to 2,000 by the end of the year, according to the company.