Ryde Partners with Kris+ to Let Members Redeem Miles for Everyday Rides

Rhea-AI Summary

Ryde (NYSE American: RYDE) announced a collaboration with Kris+ on November 6, 2025 that lets KrisFlyer members redeem miles for RydeCoins at discounted rates via the Kris+ app.

Members can redeem Ryde vouchers with up to 12% off, top up RydeCoins for use on any Ryde trip in Singapore, and earn 2 miles per SGD 1 when buying Ryde vouchers through Kris+.

The partnership highlights convenience, discounts, and Ryde's push for smarter, greener mobility in Singapore.

News Market Reaction

+4.78%

4 alerts

+4.78% News Effect

+6.7% Peak Tracked

-8.6% Trough Tracked

+$887K Valuation Impact

$19M Market Cap

0.2x Rel. Volume

On the day this news was published, RYDE gained 4.78%, reflecting a moderate positive market reaction. Argus tracked a peak move of +6.7% during that session. Argus tracked a trough of -8.6% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $887K to the company's valuation, bringing the market cap to $19M at that time.

Data tracked by StockTitan Argus on the day of publication.

SINGAPORE, SG / ACCESS Newswire / November 6, 2025 / Ryde Group Ltd (NYSE American: RYDE) ("Ryde" or the "Company"), a leading technology platform for mobility and quick commerce in Singapore, today announced a new collaboration with Kris+, the lifestyle rewards app of Singapore Airlines, enabling KrisFlyer members to redeem their miles for RydeCoins at exclusive discounted rates via the Kris+ app.

Through this collaboration, members can now enjoy greater flexibility and value from their miles, whether commuting to work, heading to the airport, or travelling across the city. RydeCoins can be used exclusively for Ryde services, offering a seamless and rewarding mobility experience for everyday rides.

KrisFlyer members can now access Ryde vouchers on the Kris+ app and enjoy up to 12% off when redeeming miles or paying with cash. Ryde vouchers can be used to top up RydeCoins, which can be spent directly in the Ryde app for any trip booked in Singapore. Members can earn 2 miles for every SGD 1 spent when purchasing Ryde vouchers through the Kris+ app, adding extra value to each redemption.

A Step Towards Smarter, Greener Mobility

This collaboration supports Ryde's mission to make sustainable mobility both accessible and rewarding. With more Singaporeans turning to electric and shared rides, the partnership between Ryde and Kris+ brings together convenience, savings, and sustainability within a single ecosystem.

"We're excited to work with Kris+ to turn everyday rides into rewarding journeys," said Nadia Tan, Assistant Marketing Manager (Partnerships) of Ryde. "By allowing users to redeem their miles for RydeCoins, we are creating a smarter and more connected mobility experience that gives back every time you ride."

About Ryde Group Ltd

Ryde, a homegrown super mobility app founded in Singapore, is the world's FIRST on-demand carpooling app since 2014! As a publicly listed company on the NYSE American, we are reimagining the way people and goods move around. We offer a full suite of services, including carpooling, private hire, taxi, and delivery, but what truly sets us apart is our commitment to empower our private-hire and taxi partners. We take 0% commission, ensuring that more of every hard-earned dollar goes to drivers on our platform. For more information, please visit https://rydesharing.com/ to learn more.

About Kris+

Kris+ is Singapore Airlines' lifestyle rewards app that brings the world of KrisFlyer miles closer to your everyday life. Users can earn and redeem miles instantly when they shop, dine, or commute with partner brands across Singapore. Kris+ is part of the Singapore Airlines Group and is designed to extend the KrisFlyer experience beyond travel into daily lifestyle moments.

Contacts

For Media Relations:
Media Team
Ryde Group Ltd
Email: media@rydesharing.com

For Investor Relations:
Investor Relations Team
Ryde Group Ltd
Email: investor@rydesharing.com

FORWARD-LOOKING STATEMENTS

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors . Any forward-looking statements contained in this press release speak only as of the date hereof, and Ryde Group Ltd specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE: Ryde Group

View the original press release on ACCESS Newswire

FAQ

What does the Ryde and Kris+ partnership announced on November 6, 2025 mean for RYDE shareholders?

It introduces a loyalty channel that could increase ride usage in Singapore by letting KrisFlyer members redeem miles for RydeCoins, though no financial guidance or revenue figures were disclosed.

How do KrisFlyer members redeem miles for RydeCoins via Kris+ for RYDE services?

Members access Ryde vouchers on the Kris+ app, redeem miles or pay cash for vouchers, then top up RydeCoins to spend on any Ryde trip in Singapore.

What discounts and rewards apply when redeeming miles for RydeCoins with RYDE via Kris+?

Members can get up to 12% off when redeeming miles or paying cash for Ryde vouchers and earn 2 miles per SGD 1 when purchasing vouchers through Kris+.

Can RydeCoins purchased or topped up via Kris+ be used outside Singapore for RYDE trips?

No; Ryde vouchers and RydeCoins from this program are usable for trips booked in Singapore only, per the announcement.

Where do Ryde users redeem KrisFlyer miles for Ryde vouchers for RYDE rides?

Redemptions and voucher purchases are completed through the Kris+ app, which then allows top-up of RydeCoins for use in the Ryde app.

Does the Ryde and Kris+ collaboration change Ryde's sustainability goals for RYDE?

The partnership is described as supporting Ryde's mission for smarter, greener mobility by combining discounts, convenience, and shared/electric ride options in Singapore.