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Tag: Uber

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Uber-owned Careem to exit Pakistan as economic pressures mount

Careem, the Middle East-based ride-hailing firm owned by Uber, will suspend operations in Pakistan from July 18, marking the end of a nearly decade-long presence in a market it helped transform. The company cited economic challenges, heightened competition, and constrained capital as reasons for the shutdown, reflecting broader struggles within Pakistan’s digital economy. “This was […]

Business

Uber eyes stablecoins as new payment option

Uber CEO Dara Khosrowshahi revealed that the company is closely examining stablecoins as a potential payment option. Speaking at the Bloomberg Tech conference in San Francisco on Thursday, Khosrowshahi pointed to their ability to simplify cross-border transactions, cut costs, and boost efficiency across Uber’s international platform. “We’re still in the study phase,” he said, noting […]

Uber fined €10m for invading drivers' privacy
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US sues Uber over alleged deceptive subscription practices

The United States Federal Trade Commission has filed a lawsuit against Uber Technologies Inc., accusing the ride-hailing giant of enrolling customers into its Uber One subscription service without their consent and misleading users about potential savings and the ease of cancellation. Filed Monday in a federal court in San Francisco, the suit claims that Uber […]

Uber fined €10m for invading drivers' privacy
Tech

Uber drops Foodpanda Taiwan deal over regulatory challenges

Uber has canceled its $950 million acquisition of Delivery Hero’s Foodpanda in Taiwan due to regulatory challenges. Foodpanda made this disclosure in a statement on Tuesday, according to Reuters. In December, Taiwan’s Fair Trade Commission blocked the deal over anti-competitive concerns, arguing that acquiring Foodpanda, Uber’s main rival, would give Uber a 90% market share […]

News

Uber, Bolt drivers urge inclusion in free CNG conversion initiative

E–hailing drivers affiliated with platforms such as Uber, Bolt, and InDrive have urged the Federal Government to include them in the ongoing initiative for the free conversion of commercial vehicles to Compressed Natural Gas. The drivers argue that their inclusion in this scheme would significantly reduce operating costs and promote a more sustainable transportation sector. […]

News Tech

Uber considers fare hike as fuel price, scarcity, worsen

Ride-hailing companies in Nigeria are contemplating raising fares in response to the steep rise in fuel prices, which now stand at ₦897 per litre following months of fuel shortages. These platforms face the challenge of balancing driver earnings with passenger affordability. “We are currently conducting a comprehensive review of the recent increase in fuel prices […]

News Tech

Uber, BYD partner to deploy 100,000 EVs into ride-hailing platform

Ride-hailing giant, Uber, has signed a multi-year deal with Chinese electric vehicle maker, BYD, to integrate 100,000 new EVs into Uber’s network. The collaboration initially focused on Europe and Latin America leaving out Africa. Uber drivers will now have easier access to EV ownership thanks to the deal’s appealing financing and price structures. It is […]

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Uber introduces new safety measures

Uber on Tuesday introduced a new safety feature in its app that reminds passengers to fasten their seatbelts shortly after their ride begins. In its announcement, the ride-hailing service expressed concern over passengers’ reluctance to use seat belts, despite the fact that 50 percent of all vehicle crash fatalities in the US in 2022 were […]

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Uber makes safety tools easier to access, customise

Uber is streamlining its safety features by consolidating them into one easily accessible location, allowing users to personalize their settings for automatic activation. In the app’s updated safety preferences section, passengers can schedule the automatic activation of safety tools based on specific criteria. Additionally, users have the option to activate Uber’s safety features for every […]

Uber not sharing 'personal info of users' with Lagos govt
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Uber not sharing ‘personal info of users’ with Lagos govt

Uber has affirmed its stance against sharing riders’ personal data with the Lagos State Government, amid recent tensions over data sharing protocols. While acknowledging the need to cooperate with the government as previously agreed, the company’s decision has sparked concerns among riders who fear potential government surveillance through data shared by Uber and similar ride-hailing […]

Kia, Uber partner to produce modular electric vehicles
Transportation

Kia, Uber partner to produce modular electric vehicles

Kia has reached a contract with Uber to develop its recently disclosed modular electric cars for ride-hailing at the Consumer Electronics Show in Las Vegas. Kia’s PBV, which stands for Platform Beyond Vehicle, was presented earlier this week at the event. According to the manufacturer, its PBV concept is based on a specific business system […]

Uber announces payment options for food delivery
News Tech

Uber announces payment options for food delivery

Uber Technologies announced on Wednesday that it will expand the types of payments it will accept on its food delivery platform and include an AI-powered assistant to help users find deals and learn about various meal options. The “Sales Aisle” area of Uber Eats will be used to display special offers. The launch of the […]

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