Cabify is 100% regulated, therefore it does not enter the situation in which its rival is currently in.
Regulated in the service of taxis and white plates, but in particular, they are very much like the ride-hailing app, Uber.
The hiring of private drivers will be determined by the regulations, taking into account the costs and how it affects the market and the user.
The taxi world has experienced a monumental change due to, in great part, the many car service platforms which have come into the market, and which in turn have made life easier for the end-users.
Cabify taxis, unlike Uber, can be paid in either cash in person, upon the ride's completion or by credit card through its app.
The company is present in six Colombian cities and it currently boasts having an average of 300,000 users, with approximately 400,000 monthly trips.
Cabify plans to consolidate in Colombia pending the latest regulations.