MANILA- Ride-hailing service Uber on Tuesday paid the P190-million fine imposed by the Land Transportation Franchising and Regulatory Board (LTFRB) in exchange for lifting its month-long suspension.
Uber representatives settled the fine Tuesday afternoon at the LTFRB office through a check payment.
The transport regulator last week said Uber, which was suspended on Aug. 14, may resume operations if it paid a P190-million fine.
Aside from the fine, the LTFRB also ordered Uber to pay P19.9 million daily to its partner-drivers, which the LTFRB said was based on Uber's own manifestation that they would extend financial assistance to its drivers until its services are restored.
Uber was suspended two weeks ago for allegedly defying a moratorium on accepting new drivers. The company earlier offered to pay P10 million to lift the order.
The LTFRB on Sunday said the P190 million fine was based on the remaining 19 days of the suspension order multiplied by Uber's average daily income of P10 million.
Ride-hailing firms, which offer on-demand transport service using mobile phone applications, have been a popular alternative to taxis and other modes of public transport.