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$Ryde Group (RYDE.US)$ Their model prioritizes no-commission...
$Ryde Group (RYDE.US)$ Their model prioritizes no-commission earnings for drivers, potentially boosting driver loyalty and retention. As Southeast Asia’s mobility sector grows, Ryde could see strong growth potential by focusing on driver satisfaction and expansion across the region.
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njdjjx : I feel TADA better, my phone got TADA, Grab, Gojek, CSG Zig. I only decided to install Ryde…
shawnhuatmmm : I'm a loyal Ryde user and have been recommending to many people.
Limitless147 : Yup… been driving for them almost 5yrs.. 0% commission started beginning of this yr and the recent 2 months they been giving added on incentives to drivers on daily and weekly basis.. more users on ryde
MonkeyGee Limitless147 : is this eating in Grab car service business?
Limitless147 MonkeyGee : Slowly but surely…these recent months more drivers are driving on Ryde as weekly and monthly incentives are given. Frequency of riders bookings have since increased.. it’s only a matter of time they’ll start charging back commission on the drivers…
MonkeyGee Limitless147 : but i heard from grab drivers that their program is much more long-term, there are financing available, pension, quality of life, of course all that comes with a small cost.
Limitless147 MonkeyGee : Wow… if all that you mentioned is true, I would still be driving on thier platform…
they’re losing drivers to other platforms faster than you can imagine. Grab is taking 25% commission from their drivers, the highest in the market..
MonkeyGee Limitless147 : That doesn't add up. if they are taking 25%, then why are the revenue so ridiculously low. based on the number of users that average like $2 a cab fare and grab get 50 cents. it's more like 2.5% based on my estimate. what is your source? The drivers told me grabs get 3%-10% based on the distance. The professional drivers like grab because they are more established and safer.
Limitless147 MonkeyGee : What’s my source? I’m a driver on their app for 6yrs after Uber exited Singapore… the 25% Comm up from previous 20% started beginning of the year…
MonkeyGee Limitless147 : any proof?