INTERNATIONAL - Uber Technologies Inc said on Thursday that it would begin accepting cash fares in Mexico City, seizing on a recent Supreme Court decision, though local government has yet to approve the form of payment.
Uber waged a long campaign for cash fares in Mexico where roughly 60 percent of the population lacks a bank account.
Mexico’s top court sided with the company two weeks ago, finding that a state ban on cash fares for ride-hailing firms was unconstitutional, setting a national precedent.
Although a cash ban in Mexico City is still in place, Uber decided to begin accepting the fares, acting in accordance with the Supreme Court’s decision, said Federico Ranero, the company’s Mexico chief executive.
“Because of the importance of this precedent, and because of our mission, we’re deciding to (accept cash) now, and we’re collaborating closely with authorities to make sure that all of those regulations will be adapted,” he said in an interview.