Uber wants to try letting more people in developed countries pay by cash

SINGAPORE — Uber's been experimenting with cash payments in emerging markets, where credit card penetration isn't high, and now it's considering letting riders in developed markets pay with cash, too.

The company announced during a press briefing on Wednesday morning, that it's opening cash payments to Singapore — the first developed market in which it's doing this.

It'll be an "experiment" involving an undisclosed portion of the user base. "Whatever we learn here you could see later in cities like New York, London," said Warren Tseng, Uber's general manager for Singapore. Read more...