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Technology has been shaping businesses for a long time. Take any business today and compare it with the way how it used to be operated only two decades ago and you’ll find out that the difference is enormous. Technological advancement helps businesses to adapt to the current times. It’s quite evident that all those businesses that have failed to adopt the latest technologies in their business have perished. It wasn’t a long ago when pen and paper were significant to restaurants as they were used to write down orders. Those were the times when advertising used to happen only via print and television and a coupon used to be an actual tangible newspaper. However, with technology, everything changed. Restaurants are now leveraging cutting-edge technology of mobile applications to unlock the option of  on-demand food delivery  to their customers. Like  restaurant businesses , delivery businesses are soon going to witness the change influenced by technology. I am talking about ele

About iBuk is a consolidated services corporation in the Philippines. This is a novel concept which is built on a framework of Transport Network Company that enables individual car owners, driver groups, cooperatives, and corporations to work with complete independence as entrepreneurs. Moreover, the technology of iBuk application allows them to offer affordable, personalized, reliable, and upgraded service to the passengers. How Yelowsoft helps them? Yelowsoft helped iBUk by providing them with a top-notch solution that can fulfil all their requirements. Our client iBuk mainly offered three services which were e-mutor, E-rent, E-dala. In E-mutor, they provided taxi services through bikes in which a rider can book his bike taxi in a matter of seconds. Similarly, E-dala is the name of their parcel delivery service in which users can send their important documents from one place to another. However, their main focus was on E-rental which was their car rental service in w

Over the past decade, the on-demand economy has rapidly replaced the traditional business models by offering the users with faster speed, better convenience, and advanced security. According to the stats, the on-demand economy is the most talked-about term since it has completely transformed the way various businesses used to run. Uber and Airbnb are credited for shaping the on-demand economy in the US. As per that stats almost 42% of the US citizens have used the on-demand services at least once. Moreover, as per the  Harvard business Review , the on-demand economy is adding a staggering amount of 22.4 million users every year. It’s also interesting to note that the on-demand economy has given birth to many business models and ideas which were earlier non-existent.  On-demand delivery  is one such model. In the absence of the on-demand economy, it was not viable to offer such services to the consumers. But nowadays, we see several on-demand services like food delivery, wate

The region of North Africa consists of countries like Morocco, Sudan, Egypt, Libya, Algeria, and Tunisia. In the past few years, this region has witnessed many disruptions in the ride-hailing industry. The biggest disruption perhaps was the Uber and Careem merger which we’ll discuss in detail later. First, let’s get a glimpse of a few  ride-hailing stats of the region . The total amount of revenue for the ride-hailing and taxi segment for the North African region amounts to a total of US$1,114m in the year 2020. This revenue is estimated to exhibit annual growth at a rate (CAGR 2020-2024) of 20.2%. This growth will result in a market volume of a mammoth US$2,326m by the year 2024. The user penetration is also set to hit the 8.3% mark in the year 2024 which is currently at 7.0% in the year 2020. Currently, the average revenue per user (APRU) is US$67.08. READ MORE :  How the ride-hailing industry is shaping up in North Africa?

We all are familiar with saying “change is the only constant”. This philosophy is universal and is applicable to almost all aspects of our lives. This philosophy also fits when it comes to business. As businesses need to update and change themselves constantly to keep up with the unpredictable nature of the market. However, even after knowing this fact, many business owners tend to be ignorant. The decline of the traditional taxi business is the best example of it. Many traditional businesses stayed rigid even after  start-ups like Uber and Lyft  started disrupting the taxi industry. This rigidness or lack of innovation from these traditional taxi businesses caused their downfall. And this is something not only limited to the traditional taxi businesses as the app-based taxi businesses might also face the same end if they fail to innovate from time to time. So, now the question arises that what a taxi owner can do to sustain his/her taxi business over a long period of time

Caribbean Islands have emerged to be a huge market for  ride-hailing companies  around the world. In this article, we are going to discuss in detail about every aspect of the ride-hailing industry in the Caribbean islands. So, let’s begin with the ride-hailing market in this region. The stats support this as the revenue in the ride-hailing & taxi segments amounts a mammoth US$107m for the year 2020. This revenue is estimated to show annual growth of 16.8% from 2020-2024. This growth in the CAGR will result in the market volume of US$199m by the year 2024. Moreover, the average revenue per user (APRU) as of now amounts to US$52.87. The ground reality However, these promising stats don’t add up to the ground realities. The transportation infrastructure in the Caribbean islands is not in the greatest. Especially, when it comes to the public transportation market, modernization is the need of the hour as a poorly planned transit system and lack of information are giving ri

About Take me is a Saudi Arabia based Taxi Company which provides top-notch taxi booking services. Take me provides the finest services by using highly efficient Saudi drivers. Take me is committed to maintaining a high quality of taxi booking services. With Take me, a rider can simply book a cab by tapping “now” and can go for their daily work, shop, or any place. Moreover, riders can also pre-book a cab for scheduled rides like to reaching airport without any delays. READ MORE :  Yelowsoft assists Take Me to emerge as a leading taxi booking service in Saudi Arabia

The coronavirus pandemic has halted our fast-moving world. There’s no movement on roads, water, or sky. People across the globe are sitting in their houses and following social distancing. At the same time the corona warriors like doctors, nurses, healthcare assistance, and police are doing their best to control this unprecedented situation. And things are not going to change unless we find a vaccine. Apart from being a health disaster, coronavirus has also proved to be an economic disaster for the whole world. Businesses around the globe are losing a gigantic amount of money. However, the magnitude of impact has varied among various industries. And if we talk about the worst-hit industries, then the  taxi industry  would be on top. Yes, Uber, Lyft, Grab, Didi Chuxing, and many other taxi giants that were making headlines a few months ago due to their continuous growth are now facing dire times. This uncalled hiatus is disastrous for the taxi industry all around the world. L

About Bigo Lite is a mobile application that provides comfortable and efficient trips in Costa Rica in just a matter of a few seconds. They provide this service 24×7 a day. They also employ cutting-edge technology that enables convenient and fast rides across the cities. All the drivers of Bigo Lite have the necessary documentation and are permitted to drive anywhere in Costa Rica. Moreover, these drivers are also trained periodically to deliver excellent service. Challenges Migration of existing passenger and driver data to our system Earlier, Bigo Lite was using another system for their taxi business. Now, they wanted the data migration to take place from their existing system to our system. Our client wanted to ensure that the entire data migration process has the least amount of impact on their existing driver and passenger data. Wanted to integrate ride pool or ride-sharing Bigo Lite had started marketing campaigns about starting ride-sharing service on their

Time and time again Yelowsoft has come up with various updates which make our product better than before. At Yelowsoft, we are always looking to improve our products as per our clients’ requirement. Continuing the same tradition, we came up with yet another product update in the form of driver payment settlement. So, the first question is what exactly is driver payment settlement? To answer this it’s important to understand that the  taxi business  is very complex in nature due to the presence of a large number of drivers, riders, vehicles, and many other components. Even more complex is the management of the billing, invoice, and payment of all drivers. To accomplish this herculean task,  taxi companies  require the help of the automated driver settlement solution that can track the payments, generate an invoice, and settle all kind of payments with utmost accuracy. To achieve these many taxi businesses integrate third-party billing systems into their  taxi dispatch solutio