Ubers New Brazil Center Aims To Improve Safety Of Cash Transactions


SAO PAULO – Ride-hailing company Uber Technologies Inc plans to open a 250 million-reais ($64-million) center in Brazil that will research technology to make it safer for its drivers to accept cash, a key payment method in its rapid expansion in Latin America, the company said Friday.

Uber’s Safety Product Director Sachin Kansal said in an interview that the investment over the next five years would fund an office with around 150 tech specialists in Sao Paulo, its biggest city in the world by rides, focused on a variety of safety solutions.

Brazil is Uber’s second-largest national market after the United States with 1 billion rides in the past four years and a profitable bottom line, according to executives. Yet the imperative of accepting cash for rides here instead of relying solely on credit and debit cards as it does in the United States has also brought safety challenges.

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