Uber rival Grab acquires Indian startup to bulk up its mobile payment platform

Uber rival Grab acquires Indian startup to bulk up its mobile payment platform

Southeast Asian ride-hailing firm Grab today said it has acquired Bengaluru-based payments startup iKaaz to strengthen its payments platform. Grab, which competes with the likes of US-based Uber, said the “rich functionality of iKaaz mobile payments platform and its experienced leadership team will accelerate feature development and partner integration of GrabPay (its payments platform)”. It, […]

Hyundai is investing in Grab, one of Uber’s biggest rival in Southeast Asia

Hyundai is investing in Grab, one of Uber’s biggest rival in Southeast Asia

Hyundai Motor has invested in Singapore-based ride-hailing firm Grab, on of Uber’s biggest ride-hailing rival in Southeast Asia, as the South Korean automaker looks to expand beyond its traditional business of producing and selling vehicles. Grab did not disclose the value of Hyundai’s investment. Hyundai joined other investors, including Didi Chuxing, SoftBank and Toyota Tsusho (Toyota’s […]

Toyota working with Amazon, Uber and Pizza Hut to develop self-driving shuttle

Toyota working with Amazon, Uber and Pizza Hut to develop self-driving shuttle

Toyota is working with Amazon, ride-hailing companies Uber and Didi, automaker Mazda and Pizza Hut to develop an electric autonomous shuttle that can be used to deliver people—or the packages they’ve ordered—to their destination. And it might just make it to the Olympics in 2020. Toyota Motor President Akio Toyoda revealed the so-called e-Palette concept vehicle […]

Fetch countersues Uber after being accused of click fraud in mobile ads

Fetch countersues Uber after being accused of click fraud in mobile ads

Mobile agency Fetch is counter-suing Uber for non-payment of invoices relating to ad placements that Uber claims were fraudulent. Uber had previously sued Fetch in September of last year in a California court, claiming it had been billed for non-existent, non-viewable or fraudulent ads, and for failing to pass rebates and commissions back to Uber. In that […]

Uber is testing subscriptions for its food delivery business

Uber is testing subscriptions for its food delivery business

Uber is reportedly weighing up the idea of a subscription model for its food delivery subsidiary, UberEats. In an interview with Business Insider, UberEats UK country manager Toussaint Wattinne confirmed that the company has already been testing subscriptions. “We are constantly testing,” he said. “We’ve actually run a few tests within specific cohorts in a […]

BBM Messenger users can now book an Uber direct from the app

BBM Messenger users can now book an Uber direct from the app

Uber has partnered with BBM Messenger to enable users of the messaging app to book an Uber directly from it. It covers BBM Messenger users on Android and iOS users, as well as BlackBerry, enabling them to book an Uber from the BBM app, even if they don’t have the Uber app installed on their phone. The partnership […]

Uber signs first Southeast Asian e-wallet deal with Vietnam’s MoMo

Uber signs first Southeast Asian e-wallet deal with Vietnam’s MoMo

US ride-hailing company Uber signed a strategic deal with Vietnamese financial technology firm MoMo to let passengers pay for rides using MoMo’s e-wallet, the pair said in a statement on November 29. The deal is Uber’s first e-wallet partnership in Southeast Asia, home to 600 million people, and could help the firm catch up with main […]

Uber to buy 24,000 driverless cars from Volvo

Uber to buy 24,000 driverless cars from Volvo

Uber has announced plans to buy up to 24,000 self-driving cars from Volvo as it looks to expand on its ride-booking app. The cars would be available through the Uber app to pick up passengers without a driver, giving the business its first commercial fleet of cars. The non-binding framework deal builds on a relationship […]

Uber Finalizes Deal to Sell Major Stake to SoftBank

Uber Finalizes Deal to Sell Major Stake to SoftBank

Uber recently completed a deal to sell a significant stake of itself to SoftBank, a Japanese conglomerate, paving the way for the ride-hailing company to make sweeping governance changes and to go public by 2019. Under the agreement, a consortium of investors led by SoftBank will buy at least 14 percent of Uber through a combination […]

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