Taxi medallion to "The Washington Post", medallions were "the best investment in America", but—due to increased competition from app-based car services and transportation network company growth from companies like Uber and Lyft—taxi medallions are now decreasing in price. In 2013, the price of a medallion was $625,000. In 2014, that price had risen to around $700,000. In 2014, a medallion was worth nearly $700,000. The total value of all medallions and assets related to them had a value of $2.5 billion in Chicago in 2013. In 2012, medallion prices ranged from $87,000 to $385,000. In 2015, Chicago's average medallion price was under
PickMe PickMe PickMe is a taxi hailing app based on Sri Lanka developed and maintained by Digital Mobility Solutions (Pvt) Ltd headquartered in Colombo, Sri Lanka. The app is currently available for Android and iOS platforms. A passenger can download app from the respective app store and install it. When a taxi is requested, it would be diverted to the nearest driver via PickMe's servers where the driver would reach the passenger's location and pick up the passenger. Currently, PickMe has Tuks, Nano, Mini, Sedan and Luxury (VIP) cars on their fleet. Also, the app is available in English, Sinhala and