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Mukesh Ambani-promoted Reliance Jio’s partnership with Uber, the American cab-hailing company announced on Monday, signals a larger battle in the mobile wallet space where Paytm leads with over 160 million users.
Airtel could not gather the critical user base while the intent was to do the same (like Paytm). A lot will depend on how Jio incentivises Uber users,” said Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research.