Ridesharing

Peer-to-peer ridesharing can be divided along the spectrum from commercial, for-fee transportation network companies to for-profit ridesharing services to informal nonprofit peer-to-peer carpooling arrangements.

Source: en.wikipedia.org

Today In Payments Around The World: Oracle Appointed TikTok US ‘Technology Provider’; Alibaba Mulls Investment In Grab
Today In Payments Around The World: Oracle Appointed TikTok US ‘Technology Provider’; Alibaba Mulls Investment...
September 14, 2020  |  News

In today’s top news in payments from around the world, Oracle Corp. has said that it was chosen to be ByteDance’s “trusted technology provider” that...

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Uber Looks To Refinance $500M At 7.5 Pct Interest Rate As Debt Load Surges
Uber Looks To Refinance $500M At 7.5 Pct Interest Rate As Debt Load Surges
September 14, 2020  |  Loans

Uber Technologies is taking advantage of rock-bottom pandemic interest rates to refinance some debt. The San Francisco-based ride-hailing service on Monday (Sept. 14) said it...

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Alibaba Eyes $3B Investment In Ride-Hailing Giant Grab
Alibaba Eyes $3B Investment In Ride-Hailing Giant Grab
September 14, 2020  |  International

Alibaba Group, the Chinese eCommerce behemoth, is reportedly in talks to invest $3 billion in Singapore-based Grab Holdings, which is best known for its ride-hailing...

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Grab Fined For Privacy Breach For The Fourth Time
Grab Fined For Privacy Breach For The Fourth Time
September 13, 2020  |  Security & Fraud

GrabCar, a unit of Grab Holdings, a Singapore-based ridesharing company, has been issued a $10,000 Singapore dollar ($7,311) fine for a personal data breach, Bloomberg...

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Gojek, Grab Renew Merger Talks With SoftBank’s Support
Gojek, Grab Renew Merger Talks With SoftBank’s Support
September 13, 2020  |  Ridesharing

Six months after merger talks stalled between two of Southeast Asia’s ride-hailing companies, Gojek and Grab Holdings have resumed negotiations, the Financial Times (FT) reported....

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Lyft Sees 7.3 Pct Bump In Ridership In August As Canadian Market Strengthens
Lyft Sees 7.3 Pct Bump In Ridership In August As Canadian Market Strengthens
September 08, 2020  |  Ridesharing

Lyft said it saw a 7.3 percent jump in ride operations in August from the month prior, according to Reuters. Operations in Canada seemed to...

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Report: Grab In Talks To Raise Up To $500M
Report: Grab In Talks To Raise Up To $500M
September 08, 2020  |  International

Grab Holdings Inc., the $14 billion global ride-hailing company based in Singapore, is negotiating with potential investors as it seeks to raise as much as...

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Uber Enters Auto Rental Business In UK
Uber Enters Auto Rental Business In UK
September 04, 2020  |  Ridesharing

Uber Technologies has entered the auto rental business in the United Kingdom, attributing the move to the desire to maximize social distancing. The technology company...

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Uber Will Use Selfie Tech To Ensure Riders Wear Masks
Uber Will Use Selfie Tech To Ensure Riders Wear Masks
September 01, 2020  |  Ridesharing

Uber will use the same technology it employs to ensure drivers are wearing masks to verify passengers do the same, the company said in an...

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