Uber, a digital giant in the transportation industry, has made a significant change in its payment options by allowing passengers in most UK cities to pay in cash. This decision comes after successful trials and excludes London for now, pending a review. Despite this new option, individual drivers have the choice to decline cash payments, citing concerns about safety and the hassle of carrying physical currency in their vehicles.
A recent report highlighted the importance of protecting individuals who rely on cash for their transactions. While the Treasury Committee of MPs did not mandate immediate cash acceptance, they emphasized the need for the government to address this issue. Uber’s move to include cash payments aligns with the campaign for wider acceptance of physical currency to cater to diverse consumer preferences and needs.
Uber’s evolution as a leading player in the global ride-hailing market has been marked by controversy and opposition from traditional taxi services. The company’s success is attributed to its cutting-edge technology, which initially necessitated cashless transactions. However, following successful cash payment trials in select cities, Uber has extended this option to accommodate passengers who prefer cash or do not have access to bank cards.
Cash campaigner Ron Delnevo lauded Uber’s decision as a step towards recognizing the value of physical currency in the UK. He urged the government to consider legislation that would enforce cash acceptance at all businesses. While ministers have indicated no immediate plans for such regulations, the Treasury Committee’s report emphasized the importance of cash for various groups, including individuals with learning disabilities and those using it as a financial management tool
Read the full article from The BBC here: Read More
