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Cabcharge launches plan to take on Uber

Business

Cabcharge is determined to increase its market share, despite facing pressure from ride sharing services like Uber.

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Chairman Russell Balding said Cabcharge wanted to lift revenues by increasing taxi payment transactions as well as expanding its payments technology and presence in markets outside the taxi industry.

“We will look to not only increase our market share but increase our market,” he told shareholders at the company’s annual general meeting on Wednesday.

Balding said state government regulations that forced Cabcharge to halve the fee the company could charge taxi customers would continue to have an impact on the business.

AAP

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