Taxi booking app goCatch has signed a deal with ASX-listed Mint Payments to hijack the lucrative payments market from start-up rival Ingogo and major incumbent Cabcharge.
The partnership means that Mint and goCatch, backed by prominent investors including Malcolm Turnbull's son Alex Turnbull, SEEK co-founder Paul Bassat, fund manager David Paradice and venture capital firm Square Peg, which is backed by billionaire James Packer, will capture a share of revenue from taxis hailed from the street or taxi rank, rather than using an app.