Uber Technologies, the ride-hailing company, is reportedly in early-stage talks with Careem Networks, the Middle East-based ride-hailing company, to combine operations or for Uber to buy the company outright. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Grab and Uber’s merger is facing heat from the anti-trust body in Singapore, which wants to fine the companies and warned it could unwind the deal if it hurts competition. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The ridesharing economy not only rewards gig workers and the companies that match them with riders. Auto repair shops and parts stores can also find ways to raise their profile and profit from the commerce trend. Get the Full Story Complete the form to unlock...
A new study commissioned by the New York City Taxi and Limousine Commission found that drivers for Uber and Lyft should get a raise. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
It’s a common story in urban areas: Cabs do not properly serve low-income and minority areas, leaving residents to the uncertainties of public transit — assuming there is some — or to their own devices. But can Lyft, Uber and other ridesharing services remedy that? Get the...
Lyft announced on Wednesday (June 27) that it raised $600 million in a new funding round, bringing its valuation to $15.1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Uber is reportedly gearing up to roll out a new pricing structure in which users can get cheaper rides if they are willing to wait longer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Chubb, the insurance company, has partnered up with Sure Inc., a startup, to sell insurance to users of ride-hailing apps including Uber. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Call it the Uber effect: A record 139 New York City taxi medallions will be up for sale in bankruptcy auction this month as cab drivers continue to struggle to compete with ridesharing apps. Get the Full Story Complete the form to unlock this article...
