7 ways Uber, Lyft and Grab threaten payments providers
Uber, Lyft and Grab are more than just ride-sharing companies; their apps are also among the most popular mobile wallets that can be used at a single merchant. While other companies aim to convert cash and card users to digital alternatives, the ride-sharing market grew from the premise that digital is the only way to pay.
These apps may not seem like much of a threat as long as they stay in their lane — but increasingly, ride-sharing companies are pushing the limits of how their apps can be used for payments.
This listicle is compiled from reporting by PaymentsSource writers including John Adams, Kate Fitzgerald and David Heun. Click the links in each item to read more.