StockNews.AI
RYDE
StockNews.AI
218 days

Ryde Group Maintains 0% Commission for Driver-Partners, Announces Platform Fee Adjustments

1. Ryde Group introduces a 0% commission policy enhancing driver-partner support. 2. The company emphasizes transparency and fair rewards for its drivers.

2m saved
Insight
Article

FAQ

Why Bullish?

The 0% commission policy may attract more drivers and users, boosting RYDE's market position. Previous tech companies seeing similar policies often experience user growth.

How important is it?

The announcement directly addresses Ryde's operational strategy, which could alter market dynamics positively for RYDE.

Why Short Term?

Immediate effects may be seen as drivers and riders respond to the new policy quickly. In the past, similar initiatives have led to rapid user base growth.

Related Companies

RYDE
SINGAPORE, SINGAPORE / ACCESSWIRE / January 13, 2025 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde'' or the "Company"), a leading technology platform for mobility and quick commerce in Singapore, announces a significant step forward in delivering exceptional rider experiences while upholding its strong commitment to supporting driver-partners. As part of its ongoing mission to empower driver-partners, Ryde continues to uphold its industry-leading 0% commission policy and 7 Driver Commitments, focused on transparency, fair rewards, and long-term support.

Related News