Tag: ride-hailing platforms

Why Can’t Italy’s Economy Get Into Gear? Consider the Taxi Line
World

Why Can’t Italy’s Economy Get Into Gear? Consider the Taxi Line

Updated Dec. 26, 2023 12:04 am ETMILAN—Finding a taxi in Italy’s financial capital when it is raining involves long lines and patience. During trade fairs and fashion shows it is even harder: Demand surges but the number of taxis stays the same.Even on sunny days, there are lines of suitcase-laden travelers searching forlornly for a taxi at airports and train stations around Italy. Many locals don’t even bother trying. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Uber, Jabil, Builders FirstSource to Join S&P 500
Money

Uber, Jabil, Builders FirstSource to Join S&P 500

Uber Technologies, Jabil and Builders FirstSource will join the S&P 500, S&P Global said Friday.The three will replace Sealed Air, Alaska Air Group and SolarEdge Technologies in the index, respectively.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Visa, Mastercard Want a Slice of Africa’s Mobile Money
Money

Visa, Mastercard Want a Slice of Africa’s Mobile Money

Updated Oct. 19, 2023 12:01 am ETListen to article(2 minutes)JOHANNESBURG—African fintech companies have found creative ways to help the continent’s consumers spend their money. Traditional payments companies want in.Global payment giants, including Mastercard and Visa, are pouring billions of dollars into African companies that have powered a sharp expansion in e-commerce on the continent. Recent deals have focused on mobile-money operators, which allow users to send funds using simple cellphones, and platforms that facilitate such payments for merchants such as Uber Technologies, Netflix or Estée Lauder without relying on credit cards or bank accounts.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Visa, Mastercard Want a Slice of Africa’s Mobile Money
Money

Visa, Mastercard Want a Slice of Africa’s Mobile Money

Oct. 18, 2023 11:00 pm ETListen to article(2 minutes)JOHANNESBURG—African fintech companies have found creative ways to help the continent’s consumers spend their money. Traditional payments companies want in.Global payment giants, including Mastercard and Visa, are pouring billions of dollars into African companies that have powered a sharp expansion in e-commerce on the continent. Recent deals have focused on mobile-money operators, which allow users to send funds using simple cellphones, and platforms that facilitate such payments for merchants such as Uber Technologies, Netflix or Estée Lauder without relying on credit cards or bank accounts.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8