By Daniel Hunter
The move to make London buses cashless has provided a welcome boost to minicabs in the Capital, according to the developers of a cab-based app.
Kabbee, the minicab aggregator app, said there has been a 5% increase in the number of cash-paying taxi customers since London buses stopped accept cash payments in July 2014.
Justin Peters, CEO and founder of Kabbee, said: “London’s transport network is one of the best in the world, however, completely removing a payment method for bus passengers isn’t promoting consumer choice. Since starting Kabbee, we’ve learned that the key to success if to offer more choice, not less.
“The 5% increase in cash payments for minicab journeys since buses became cashless indicates that people may prefer to change their transport type, rather than the way that they choose to pay."
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