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Uber launches bus-booking service in Egyptian capital

Reuters  |  CAIRO 

(Reuters) - Technologies Inc has launched a bus-booking service in Cairo, the company's said on his first visit to on Tuesday, as the company aims to tap a sprawling low-income market.

The company also announced a new Lite app that, from early next year, will allow users with basic phones and little connectivity to book trips in the

"There are millions of people in and around the world who still face real barriers to using Uber," said, adding that the new products will make the company's services more accessible.

is home to more than 5 million users, he said, adding that the company is also investing more than $100 million in an Egyptian customer support centre.

"Egypt and the region are hugely important to Uber and we will continue to heavily invest in this part of the world," Khosrowshahi said.

The new bus service will be the cheapest of Uber's services in Cairo, he said.

Uber has been testing the service since September and will expand across in the coming months.

The announcement came a day after Uber's rival launched a bus-booking service in Egypt.

Last month reported that had been working with Jefferies on investment options and fundraising, including a potential deal with Uber.

(Reporting by Lena Masri; Editing by and David Goodman)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 04 2018. 20:35 IST