Whilst ride-sharing service Uber has hiked its prices at least in Tallinn, taxi-hailing app Taxify has announced that it is not planning to follow suit and that its pricing policy will remain as it is for the foreseeable future.
“Taxify is not planning any changes in pricing in the near future,” Marek Unt, head of communications at Taxify, announced.
Nevertheless, the company is planning some other changes in its service in the near future.
“There are several changes planned for the next few months that will make using Taxify more convenient and better for both the customers and the drivers. However, we cannot discuss them in greater detail just yet,” Unt continued.
In contrast, Uber as it operates in Estonia, hiked its prices from August 30 in order to increase the number of available vehicles in Tallinn and to reduce the dynamic surge rate of the ride.
Uber raised its ordering and cancellation fees, the price per kilometer as well as the price per minute.
In addition, Uber launched a new service, UberSELECT, which gives customers the opportunity to order newer and more spacious cars.
Founded in 2013, Taxify is an Estonian technology company, which develops a global transport platform. The company has approximately 10 million customers in more than 25 countries, it reports, and the platform is used by 500,000 drivers worldwide.
In 2017 its revenue increased 6-fold to EUR 18 million, with losses reported at EUR 11 million over the same period.
Uber is based in San Francisco, California and has a reported 785 operations in metropolitan areas worldwide. It reported a revenue of $6.5 billion in 2016.
Other taxi-hailing or similar apps operating in Tallinn include Yandex and Taxigo. (ERR/Business World Magazine)