Global ride-hailing giant Uber set for Nepal’s already crowded market
Summary
Uber, the global ride-hailing giant, plans to enter Nepal's competitive ride-sharing market amid regulatory delays and growing demand in Kathmandu.
Key Points
- Uber plans to enter the Nepali ride-hailing market within a month, increasing competition among about 30 existing services.
- Nepal allows 70% foreign direct investment in ride-hailing, requiring a minimum of 30% local investment, and Uber is seeking Nepali partners.
- The government is preparing interim operational standards for ride-hailing while comprehensive legislation remains delayed despite Supreme Court directives.
- Key safety measures in draft regulations include social security for drivers, mandatory CCTV in vehicles, and GPS tracking to enhance rider and driver safety.
