71826
New Move to Restrict Ride-Hailing Companies
Economy, Sci & Tech

New Move to Restrict 2 Iranian Ride-Hailing Apps

The National Competition Council says it will introduce a new mechanism for overseeing operations of ride-hailing services.

It is to announce a pricing system for services offered by businesses like Snapp and Tap30, the state broadcaster reported on its website IRINN.ir. No further details were available.

Given the organization’s well known protective approach towards traditional businesses like the Tehran Taxi Organization, the new move is seen as another tactic to restrict the operations of the ride-hailing services that have flourished immensely in recent months.

Since their initial launch in Iran, ride-hailing companies have made use of competitive pricing systems and charge passengers almost less than half the normal fare.

However, so far few if any have been able to comprehend how the two companies operate, grow so fast and at the same time make a profit.

Update: There have been multiple reports of Snapp and Tap30 going down on Tuesday. Snapp announced on Twitter that the application was unavailable temporarily, due to some technical problems.

Short URL : https://goo.gl/1hv2Ej
  1. https://goo.gl/waEBgm
  • https://goo.gl/DMujyw
  • https://goo.gl/bx3dck
  • https://goo.gl/xtdTbM
  • https://goo.gl/dJDTzH

You can also read ...

Iran Receives First Round of Post-Sanctions Finance From European Banks
In what were the first finance deals clinched with cautious...
Indian Bank to Extend $150m for Chabahar Development
Iran is expected “very soon” to approach India’s Exim Bank...
TEDPIX soared by 3,459 points or 4.2% during the sixth month of the year–the highest monthly rise recorded so far this year.
Tehran Stock Exchange’s primary index TEDPIX gained 8,346.3...
The transmission systems — which are as big as two conventional washing machines — were provided by the Stockholm-based multinational telecom company.
Iran’s second largest mobile operator, MTN Irancell, and...
Gold Coin Hits 3-Week Low
Gold coin prices are modestly down and hit a three-week low in...
Roads and Urban Development Minister Abbas Akhoundi has...
68% of Non-Oil Exports Headed to 5 Countries
China, Iraq, the UAE, South Korea and India imported 68.7% of...
Flat Steel Import Market Cools as Domestic Prices Drop
Import prices for flat steel materials cooled down in Iran in...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus