Taxi payment company Cabcharge has levelled the primary blame for a decline in full year 2106 revenues at regulatory changes in the taxi industry as well as “aggressive” competition in the national taxi market.
Cabcharge has welcomed the ACCC's go-ahead for the ihail taxi-booking app, describing it as "good news for passengers and drivers."
The competition watchdog has given conditional authorisation to a joint venture arrangement between taxi networks and other industry participants, including Cabcharge, to launch and operate a new smartphone taxi booking app – ihail.
The Australian Competition and Consumer Commission has still not finally decided whether it will authorise the smartphone taxi booking app, ihail, for use after previously indicating it intended to deny authorisation.
Cabcharge has responded to the ACCC’s draft decision against ihail while noting it owns approx 10% of ihail, so it isn’t a Cabcharge subsidiary.
Large icy chunks are falling on the taxi industry’s ihail app courtesy of the ACCC, which considers the ihail app would have a ‘significant impact on competition’.
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