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Yellow taxis now have their own Uber-like app

A tech company has a new app Thursday that will do for the yellow taxi’s what Uber does for black cars — connecting riders with drivers, and setting a price in advance. (REUTERS/Lucas Jackson)

All of the dishes . . .

A tech company has a new app Thursday that will do for the yellow taxi’s what Uber does for black cars — connecting riders with drivers, and setting a price in advance.

Waave makes use of algorithms that analyze demand, supply, and movement on a price for a ride before it starts. The rider can pay with a credit card on file, just like with Uber and Lyft, and never have to communicate with the driver.

A Taxi and Limousine Commission rule passed in March allows cabbies to use the apps to pick up the “flex” of the rates. Before they could only use the meter rates set by the TLC and were not allowed to set a price with the passengers in advance. TLC officials that the development “very exciting.”

“Know how much a trip will cost before you begin your trip is popular with the passengers in the hire vehicle industry,” said TLC Commissioner Meera Joshi.

“The TLC’s with a flexible rate pilot brings this convenience to yellow-taxi drivers — providing up-front price certainty to the riding public when they decide what service to get for their travel.”

Waave launched the app on Thursday, so that the potential riders and drivers can sign up. They plan to offer rides in about a week, if they get enough users, said the CEO of a company, and Daniel Iger, who said that he thinks that the app is a game-changer. “Uber and Lyft are so popular because drivers know that they can lock in the price and what happens, they pay their $15,” said Iger. “With this change of the TLC rules, it is a completely new thing and taxi’s will be able to compete with the other apps.”

Waave keep a small fee from the driver for each trip, said Iger, who declined to say how much the fee will be.

Another company, Myle Technologies, will be launching a similar app later this year.

Cabbie Petros Lemonidis has been driving 20 years ago about 30 percent loss in income since the ride-share apps came on the scene in 2011. He has signed up for Waave on the first day and said that he in the hope that it can help him to recoup some of the money that he lost. “This app is something we’ve been waiting for,” said Lemonidis, 42. “I think that bringing the passengers back to the yellow taxis.”

Curb and Arro, two apps that have been around a few years, only connect taxis with riders but not a price for the trip in advance. Neither app ever got much traction with the riders.

Cabbies still be able to accept a street and the use of the meter if they choose to.

Iger declined to say how many drivers and riders have registered for the service so far.

This story was previously published in the New York Post.

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