"ride payment" is correct and usable in written English.
You can use it to refer to payment for a ride, such as a taxi or a bus. For instance, "The ride payment was expensive, but it was worth it to get home quickly."
These systems use G.P.S. tracking and algorithms to calculate drive times, and allow their makers to earn a profit by taking a commission from completed ride payments to taxi companies.
Ride payments are transferred from riders to drivers automatically through the app.
Hundreds of Lyft's top drivers and a couple dozen press crowded into Lyft headquarters today to hear the peer-to-peer ridesharing network rolled out a bunch of announcements meant to make life easier for its drivers – including cheaper gas, lower car rental prices and a real-time payment system that allows drivers to cash out and transfer Lyft ride payments when they want.
Other major cities (like London) have long since moved on to electronic "tap-to-ride" payment methods—similar to Apple Pay.
Key new features of its app include messaging, online booking, search for rides, and payment with Paypal.
The company operates across more than 100 locations in India, and its services include ride-hailing, payments and food deliveries.
That's seen it develop services such as food delivery, ride-hailing, payments and e-commerce, although it has struggled in the latter category.
More recently, Uber has partnered with Capital One, to offer free rides through a Payment Rewards program, and teamed up with Visa to offer free rides in exchange for spending at local businesses, for example.
Once purchased, these accounts reportedly allow buyers to order rides using whatever payment information is on file.
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