For those who prefer or need to pay in cash, carpooling platform Lyft partners with more than 35,000 retailers across the United States – including Walmart, ACE Cash Express and Kroger Family of Stores – to let people use paper money to add to their Lyft cash balance.
To use the cash option, riders present a barcode or unique Lyft app ID number to add money to their Lyft Cash balance, which can then be used to book rides from of a user’s Lyft account. There are no additional fees or charges, depending on a Press release Wednesday, June 22.
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“Lyft is committed to ensuring that more people have access to affordable and reliable transportation, and we can help make that happen by expanding payment methods for our services,” said Kaushik Subramanian, vice president of platforms. company at Lyft. “We know that cash is the primary form of payment for many people, and we hope this will help people get where they need to go more easily.”
A minimum of $30 is required to purchase Lyft Cash, and bike and scooter riders need an additional alternative payment method attached to their account.
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Antoine Holman, vice president of corporate relations for the NAACP, said expanding transportation access is important across the country, especially for the “cash-preferring, unbanked population” who have often encountered “obstacles when it comes to getting where they need to go”. .”
Read more: Lyft CEO sees ‘Chapter Three’ as anything network-related
When Lyft was 10 years old, Chairman John Zimmer looked to the future during this year’s first quarter earnings call last month. He said this exercise aims to complete Lyft’s network and connect nearly all transportation — rideshares, bikes, scooters, rentals, mass transit, and even personal vehicles.
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NEW PYMNTS DATA: THE CUSTOM PURCHASING EXPERIENCE STUDY – MAY 2022
About: PYMNTS’ survey of 2,094 consumers for The Tailored Shopping Experience report, a collaboration with Elastic Path, shows where merchants are succeeding and where they need to up their game to deliver a personalized shopping experience.
