Peru

Peru: Government Fines Uber for Failure to Disclose Information to Consumers

Uber has been cited by regulators for failing to provide information about currency exchange via its mobile app (
Uber has been cited by regulators for failing to provide information about currency exchange via its mobile app (Twitter).

Peru’s National Institute for the Defense of Competition and Intellectual Property Protection, Indecopi, announced that it has sanctioned Uber for “not fulfilling its obligation to provide consumers with relevant information.”

The penalty imposed by the Consumer Protection Commission is $50,625 Peruvian soles, or roughly USD $15,464.

That’s mere pocket change for the global ride-sharing behemoth that has been valued at anywhere from USD $30 billion to $60 billion, but such regulatory events and legal challenges often set serious precedent…

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