PYMNTS-MonitorEdge-May-2024

ride-hailing

SoftBank-Backed OPay Pauses Ride-Hailing, Logistics Services In Nigeria
SoftBank-Backed OPay Pauses Ride-Hailing, Logistics Services In Nigeria
July 03, 2020  |  Ridesharing

OPay, the SoftBank-backed African eCommerce and payments company, has suspended its Nigerian operation, citing the coronavirus pandemic and also a government ban, Bloomberg reports. The...

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Visa, Careem Team To Support Digital Payments Growth In Middle East, N. Africa
Visa, Careem Team To Support Digital Payments Growth In Middle East, N. Africa
June 30, 2020  |  VISA

Careem, the Dubai-based ride hailing company, has entered into a partnership with Visa to expand digital payments. The agreement is expected to accelerate cashless payments...

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Uber Eyes Postmates Buy
Uber Eyes Postmates Buy
June 30, 2020  |  Partnerships / Acquisitions

Uber Technologies may have lost out on a bid to buy Grubhub this month, but that hasn’t stopped the global ride-hailing company from setting its...

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Amazon Reportedly Adding Driverless Car Maker Zoox To Its Portfolio For $1.2B 
Amazon Reportedly Adding Driverless Car Maker Zoox To Its Portfolio For $1.2B 
June 26, 2020  |  Amazon Acquisitions

Amazon will pay more than $1.2 billion to acquire Zoox, the Foster City, Calif., self-driving technology company, the Financial Times (FT) reported.  While the purchase could...

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Uber Rival Bolt Sidesteps Layoffs Despite Losses
Uber Rival Bolt Sidesteps Layoffs Despite Losses
May 12, 2020  |  Ridesharing

The Estonia-based rideshare unicorn Bolt — Uber’s main competitor in Europe — said it isn’t laying off any workers despite a 75 percent drop in...

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Uber’s And Lyft’s Divergent Journeys Through The Pandemic
Uber’s And Lyft’s Divergent Journeys Through The Pandemic
May 08, 2020  |  Ridesharing

To get a sense of how the pandemic can affect companies differently – even competitors in the same vertical, jockeying for position, for mindshare, for...

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Lack Of Travelers Puts The Hurt On Hertz
Lack Of Travelers Puts The Hurt On Hertz
May 05, 2020  |  Retail

As if you needed more evidence that the stay at home, all digital world was shattering the “old” economy, or that online platforms have provided...

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India Reopens Some Areas To Nonessential eCommerce, Ride-Hailing
India Reopens Some Areas To Nonessential eCommerce, Ride-Hailing
May 04, 2020  |  International

India’s Ministry of Home Affairs has given the green light to Amazon, Flipkart, Ola, Uber and others to resume their services in some parts of...

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Indonesia’s Gojek Closes $130M Deal For POS Startup Moka
Indonesia’s Gojek Closes $130M Deal For POS Startup Moka
April 23, 2020  |  Partnerships / Acquisitions

On-demand ride-hailing startup Gojek – Indonesia’s most successful unicorn – has purchased the point-of-sale (POS) and payments aggregator Moka for about $130 million. The acquisition...

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