Hailo is releasing a new mobile payment service that will be made available to all London black cabs, which reports suggest will allow them to compete more effectively with Uber. The company has been working on the project for some time and says it aims to make using Uber cheaper than hailing a cab in London. Each driver will also have to individually sign up to Hailo's service, but as 15,000 of 22,500 London black cab drivers have already signed up, this should not impede the offering of the service too heavily.
Hailo is releasing a new mobile payment service that will be made available to all London black cabs, which reports suggest will allow them to compete more effectively with Uber. The service will allow all black cabs in London to support cashless payment through a mobile device; for the service to work, it does require that the customer downloads HailoPay. Each driver will also have to individually sign up to Hailo's service, but as 15,000 of 22,500 London black cab drivers have already signed up, this should not impede the offering of the service too heavily.