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Cabify accepting cash in Madrid

Categories : Cash is a public good, Cash is available to all users
November 28, 2018
Published in : Payment apps, Spain
After testing a new cash payment function in three Spanish cities, Cabify has deployed the service in the capital city of Madrid.
Communication Team

After testing cash payments in the cities of Valencia, Sevilla and Alicante, the ride-hailing app Cabify is now accepting cash from its customers in the Spanish capital. Having started as a card-only service, the company is expanding its payments landscape to appeal to a wider customer base. The strategy is bringing its fruits: 20% of payments have been in cash.

The Spanish company had initially adopted cash payments in Latin America only, which has so far been a success in Chile, Colombia, Perú, Mexico and the Dominican Republic.

But the ride-hailing app is not only trying to appeal to different payment preferences, it’s also testing different transportation options: at the beginning of the month of November, Cabify announced a partnership with the electric motorcycle-sharing app Movo, to deploy 20,000 electric scooters in 5 countries.

Diversity of payments, diversity of movement!