Grab

Grab users can also transfer available funds from their GrabPay wallet to their bank accounts and e-wallets.

Ride-hailing app Grab has launched GrabPay Card in the Philippines, a digital-first prepaid card powered by Mastercard that brings the convenience of cashless payments to more Filipinos.

Grab, the top ride-hailing app in Southeast Asia, and its London-based counterpart Splyt Technologies have announced an enhanced collaboration to give travellers access to ride-hailing services anywhere in the world.

A group of TNVS drivers and operators initially announced a transport holiday on Monday, July 8, to protest the “problematic” policies of the LTFRB.

The mobile platform achieved the feat six months after recording 2 billion rides.

The anti-trust watchdog said the non-compliance of both companies has prejudiced its review process and impeded their ability to impose remedies for the benefit of the riding public.

The Philippines is the 5th country in Southeast Asia where the full suite of GrabPay mobile wallet services becomes available.

At the beginning of 2017, Grab had just 30% market share of the Indonesian ride-hailing market, while local rival Go-JeK had a commanding 58% of the market. By the end of June 2018, Grab had made an impressive turnaround, establishing a 62% market share of the ride-hailing market.

The LTFRB has allowed all transportation network companies (TNCs) to re-impose a P2-per-minute charge to passengers as part of their fare structure.

The LTFRB has issued a memorandum last February setting the supply cap of TNVS units in Metro Manila at 65,000. Of the proposed 65,000 vehicle cap, 55,000 slots have been allocated to vehicles based the master list of the LTFRB.