Many, but not all, cars meet Uber and Lyft’s standards. With Uber, for example, cars must have four doors and be newer than 15 years old to operate on their platform. Lyft has similar requirements, too, although cars must be no older than 12 years...
Uber’s newest and largest shareholder, telecommunications firm SoftBank, wants the ridesharing app company to regain its market share in the U.S. and grow in more markets in Europe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Grab, the Southeast Asia ridesharing company, has inked a deal to acquire iKaaz, the mobile payment startup hailing from India. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Lyft, the ride-hailing startup that is competing against Uber, announced Tuesday (Jan. 16) that it is expanding its Lyft Concierge service, which it rolled out with select partners last year, to businesses of all sizes. Get the Full Story Complete the form to unlock this...
Shuttling kids from school to soccer practice used to mean managing car pools, traffic — and lots of friction. But software platforms with embedded payments are giving parents new options. In the latest PYMNTS Payments Powering Platforms Tracker™, powered by WePay, Zemcar co-founders Bilal Khan...
Now that Uber has completed its secondary transaction with SoftBank, there is a clearer picture of just how much money the company’s investors are walking away with after the deal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Uber former CEO Travis Kalanick will be selling nearly a full third of his 10 percent stake in Uber for $1.4 billion, according to new reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
One of Uber’s ridesharing rivals, China’s Didi Chuxing, has acquired Brazilian startup 99, reportedly for around $1 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Driving a traditional taxi cab is not an inexpensive proposition because the medallions necessary to do the driving are not cheap. And, as Uber and Lyft have eaten up more and more of the market, drivers are defaulting on their debts. Get the Full Story...
