U.S. taxi-hailing company Uber Technologies violated Indian regulations by “bypassing” rules when it used an overseas gateway to conduct transactions in the country, Reserve Bank of India Governor Raghuram Rajan said in a television interview Friday.

    The central bank is working to set a legal framework for the use of advanced e-commerce technologies but in the meantime no one can treat the absence of a solution as an excuse to violate Indian rules, Rajan told NDTV television.

    “We are willing to work to try and solve the problem, in fact we have some solutions which are coming up on doing low value transactions without too much ‘jhanjhat’ (hassle) as they call it,” Rajan said. “But the point is you cannot violate regulations.”

    Earlier this year, local taxi companies complained that Uber — which directly processed payments using a customer’s stored credit card information — was not following India’s two-step verification for all e-commerce transactions.

    In August, the RBI instructed that by Oct. 31, all transactions done with domestic credit cards had to follow the two-step verification process.(SD-Agencies)