Ryde gets ride-hailing, carpool service licences in Singapore

The move reflects how competition in the ride-hailing sector will only keep growing, said experts. - RYDE

SINGAPORE (The Straits Times/Asia News Network): The Land Transport Authority (LTA) has granted ride-hailing company Ryde a three-year licence, making it the fifth ride-sharing operator in Singapore.

The LTA said on Thursday (Oct 21) that it had converted Ryde's provisional licences for point-to-point services to a full ride-hail service operator licence as well as a carpool service operator licence.