LTFRB accredits ride-hailing firms SnappyCab, Ryd Global

This is AI generated summarization, which may have errors. For context, always refer to the full article.

LTFRB accredits ride-hailing firms SnappyCab, Ryd Global
There are now 8 companies accredited this year, and 9 overall in the Philippine ride-hailing industry

MANILA, Philippines – The Land Transportation Franchising and Regulatory Board (LTFRB) accredited two more transport network companies (TNCs), bringing the total number of firms accredited this year to 8.

Certificates of public convenience were awarded to Aztech Solution International Corporation, operator of SnappyCab, and Ryd Global Incorporated, operator of Ryd Global.

The accreditation is valid for two years for both companies.

“With two new TNCs, there will be more choices for commuters,” said the LTFRB in a statement on Friday, December 7.


SnappyCab and Ryd Global join GrabMiCabHirna, Hype, OwtoGoLag, and ePickMeUp – 9 TNCs in total.

Grab continues to dominate, with new players still navigating the realities of breaking the “virtual monopoly” in the Philippine ride-hailing industry.

Grab became the dominant ride-hailing firm after it bought the Southeast Asia operations of Uber last March. (READ: Months after Uber left, where are the new ride-hailing firms?)

The Philippine Competition Commission eventually approved the Grab-Uber deal in August, but set conditions. It also fined Grab P12 million and Uber P4 million for causing “undue difficulties” to the review of their deal. –

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI

How does this make you feel?

Download the Rappler App!