PayPal to invest $500 million in Uber

Where do taxi drivers using PayPal solutions go now?

Payment giants PayPal have set their sights on a $500 million investment in ride-hailing firm Uber in the lead up to their much anticipated stock market offering. PayPal who are market leaders in digital payments will seek to invest in the controversial minicab app using a concurrent private placement at the IPO price expected to be between $44-$50, according to cited sources from Refinitiv IFR

Uber are expected to unveil the full details of its IPO launch next week with a likely valuation set between $80 billion and $90 billion, according to sources. PayPal are one of several payment solutions used by it’s perceived competitors; the licensed taxi industry. The news of its investment in Uber has sparked outrage on social media with many taxi drivers now seeking new methods to take mobile payments in their taxi. 

Card reader image: PayPal

Taxi image: TaxiPoint

CVAugbanner.gif
  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram
ltda banner.JPG

TRENDING...

VEHICLE...

JN6013_Taxi Insurer TaxiPoint Web Banner
Sherbet - Taxi Point GIF banner_2.gif

COVID-19...

ltpr.GIF
TAXI INSURANCE MMC October 2020.gif
TaxiPoint- 300x200px Taxi GIF PLAN AUG 2
private hire cover from Utility Saving Expert

The views expressed in this publication are not necessarily those of the publishers.

All written and image rights are reserved by authors displayed. Creative Common image licenses displayed where applicable.

Reproduction in whole or in part without prior permission from the publisher is strictly prohibited.

All written content Copyright of TaxiPoint 2020.