GoTo’s Gojek had previously raised its driver commission in Singapore to 15% in February. Pre-pandemic, the driver commission was 20% before it was cut to 10% in June 2021.
DBS Group Research analysts have maintained “buy” on ComfortDelGro (SGX:C52
) (CDG) following Gojek’s newly-announced commission cutting move.
The Indonesian ride-hailing player recently announced that it plans to lower driver commissions in Singapore from 15% to 10%, effective Nov 1 to at least the end of 2024. This is likely an attempt to attract drivers into its platform amid supply crunch in the point-to-point transport sector, the analysts note.
