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Uber broke Indian financial rules: central bank chief

Rajan says US taxi-hailing firm is using an overseas payment system

Published Sun, Dec 28, 2014 · 09:50 PM

New Delhi

INDIA'S central bank chief has lashed out at Uber, already under fire over the alleged rape of a passenger, saying the US taxi-hailing firm violated the country's financial regulations by using an overseas payment system.

A row over the highly valued startup's financial transactions erupted in India earlier this year after domestic taxi firms complained that Uber was not following the country's two-step authentication system for e-commerce credit card payments.

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