Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Uber Technologies, Inc.    UBER

UBER TECHNOLOGIES, INC.

(UBER)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Uber Technologies : to make cash payments safer in Mexico and South America

11/27/2020 | 06:31am EST
paying for a taxi in cash

Uber has partnered with AU10TIX, an identity verification and authentication platform, to implement a programme in cities in Mexico, Argentina and Chile that helps verify the identity of new riders who choose cash as their preferred method of payment.

The new programme requires certain users who request to pay in cash to scan an official identification such as their voting credentials, national ID, passport or driver’s license for verification.

“In the current business climate, more drivers and riders are wanting added reassurance for  cash payment options, and we want to give them that,” says Ron Atzmon, AU10TIX active deputy chairman. “Working together with Uber, we are delivering on this with AU10TIX’s identity document verification technology that provides the reliability, efficiency and scalability required to help provide peace of mind.”

Uber and AU10TIX first partnered in 2019, with Uber’s core ride-share service, and recently expanded their partnership to electric scooters and Uber Eats.

“As COVID-19 has shifted priorities for both Uber and AU10TIX, our partnership with Uber has also evolved,” says Carey O’Connor Kolaja, AU10TIX’s CEO. “Together, we worked on a platform that brings together payment preference and identity verification to prioritise safety for both riders and drivers. We expect this launch to set the stage for us to expand into other countries where Uber is experiencing elevated demand for cash payments.”

Despite a move to contactless transactions in most corners of the world, in no small part down to the COVID-19 pandemic, cash remains king in many South and Central American countries. PYMNTS claims that 90 per cent of transactions in Mexico are still made using cash - eCommerce websites even sell gift cards in stores to facilitate this aspect of Mexican culture.

The partnership between Uber and AU10TIX demonstrates the fact that transport and ride-share companies are tapping into this cultural quirk too, and are thinking about how to improve trust between the drivers and consumers when it comes to cash payments.

© Russell Publishing Limited, 2020. All Rights Reserved., source Trade Journals

All news about UBER TECHNOLOGIES, INC.
01/15MARKET CHATTER : Uber Reportedly May Spin Off Postmates' Robotics Unit
MT
01/15UBER TECHNOLOGIES : Green rolled out to over 1,400 towns and cities in North Ame..
AQ
01/14Driving In Reverse? Uber/Lyft Drivers Seek To Undo California's Proposition 2..
AQ
01/14UBER TECHNOLOGIES, INC : Other Events, Financial Statements and Exhibits (form 8..
AQ
01/14UBER TECHNOLOGIES : Announces Date of Fourth Quarter and Full Year 2020 Results ..
BU
01/13Google backs Biden immigration efforts, covers fees in threatened 'Dreamer' p..
RE
01/13Google backs Biden immigration efforts, covers fees in threatened 'Dreamer' p..
RE
01/13UBER TECHNOLOGIES : Appeals $59 Million Fine by California Regulator Over Sexual..
MT
01/13GLOBAL MARKETS LIVE: Qualcomm, Boeing, Visa…
01/13Uber appeals $59 million California fine over sexual assault data request
RE
More news
Financials (USD)
Sales 2020 12 514 M - -
Net income 2020 -6 722 M - -
Net Debt 2020 2 047 M - -
P/E ratio 2020 -14,6x
Yield 2020 -
Capitalization 97 924 M 97 924 M -
EV / Sales 2020 7,99x
EV / Sales 2021 5,67x
Nbr of Employees 21 600
Free-Float 96,8%
Chart UBER TECHNOLOGIES, INC.
Duration : Period :
Uber Technologies, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UBER TECHNOLOGIES, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 41
Average target price 56,72 $
Last Close Price 55,52 $
Spread / Highest target 44,1%
Spread / Average Target 2,16%
Spread / Lowest Target -37,0%
EPS Revisions
Managers and Directors
NameTitle
Dara Khosrowshahi Chief Executive Officer & Director
Ronald D. Sugar Chairman
Nelson J. Chai Chief Financial Officer
Sukumar Rathnam Chief Technology Officer
Yasir bin Othman Al-Rumayyan Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
UBER TECHNOLOGIES, INC.8.86%97 924
TENCENT HOLDINGS LIMITED14.36%792 209
NETFLIX, INC.-7.91%220 005
PROSUS N.V.4.39%181 003
NASPERS LIMITED11.45%94 166
SPOTIFY TECHNOLOGY S.A.1.64%60 633