Commissioned by Gojek, the independent study polled 1,000 drivers and commuters who are users of multiple ride-hailing services, including Grab, Gojek, Ryde and Tada.
SINGAPORE (Oct 2): The entry of new players into the ride-hailing market, which broke a ‘monopoly’ following the Grab-Uber merger in 2018, has seen 55% of drivers report increased earnings even as average daily ride-hailing fares have fallen by 11% for commuters.
According to a study published Wednesday by the Centre for Governance, Institutions and Organisations (GCIO) at National University of Singapore (NUS) Business School, this underscores the importance of healthy competition in the ride-hailing market.
