Ryde Strengthens Driver-Partner Retention Strategy with Singapore National Day Initiative
Ryde Group Ltd (NYSE: RYDE) has successfully implemented its Singapore National Day driver engagement initiative, highlighting its strategic focus on driver retention in Singapore's competitive mobility market. The initiative, celebrating Singapore's 60th independence anniversary, included distributing limited-edition National Day T-shirts and decals to over 600 driver-partners.
Central to Ryde's competitive advantage is its unique 0% commission model, distinguishing it from competitors who charge over 20% commissions. The company's comprehensive approach includes various community engagement programs like Annual CNY Lunch, #RydeHongbao, and #MakanWithRyde, resulting in higher driver retention rates and increased platform advocacy.
Ryde Group Ltd (NYSE: RYDE) ha portato a termine con successo la sua iniziativa per coinvolgere i conducenti in occasione della Giornata Nazionale di Singapore, sottolineando il suo focus strategico sulla fidelizzazione dei conducenti nel competitivo mercato della mobilità di Singapore. L'iniziativa, che celebra il 60° anniversario dell'indipendenza di Singapore, ha previsto la distribuzione di magliette e decalcomanie in edizione limitata a oltre 600 partner conducenti.
Al centro del vantaggio competitivo di Ryde vi è il suo modello unico con commissione 0%, che lo distingue dai concorrenti che applicano commissioni superiori al 20%. L'approccio completo dell'azienda include vari programmi di coinvolgimento della comunità come il Pranzo annuale del Capodanno cinese, #RydeHongbao e #MakanWithRyde, che hanno portato a tassi più elevati di fidelizzazione dei conducenti e a una maggiore promozione della piattaforma.
Ryde Group Ltd (NYSE: RYDE) ha implementado con éxito su iniciativa de compromiso con los conductores en el Día Nacional de Singapur, destacando su enfoque estratégico en la retención de conductores en el competitivo mercado de movilidad de Singapur. La iniciativa, que celebra el 60º aniversario de la independencia de Singapur, incluyó la distribución de camisetas y calcomanías de edición limitada a más de 600 socios conductores.
El centro de la ventaja competitiva de Ryde es su modelo único de comisión 0%, que lo diferencia de los competidores que cobran más del 20% de comisión. El enfoque integral de la empresa incluye varios programas de participación comunitaria como el Almuerzo anual de Año Nuevo Chino, #RydeHongbao y #MakanWithRyde, lo que resulta en mayores tasas de retención de conductores y un aumento en la promoción de la plataforma.
Ryde Group Ltd (NYSE: RYDE)는 싱가포르 국경일 운전자 참여 이니셔티브를 성공적으로 시행하며 싱가포르의 경쟁이 치열한 모빌리티 시장에서 운전자 유지에 대한 전략적 초점을 강조했습니다. 싱가포르의 60주년 독립 기념을 축하하는 이번 이니셔티브는 600명 이상의 운전자 파트너에게 한정판 국경일 티셔츠와 데칼을 배포했습니다.
Ryde의 경쟁 우위 핵심은 독특한 0% 수수료 모델로, 20% 이상의 수수료를 부과하는 경쟁사와 차별화됩니다. 회사의 포괄적인 접근 방식에는 연례 중국 설날 점심, #RydeHongbao, #MakanWithRyde와 같은 다양한 커뮤니티 참여 프로그램이 포함되어 운전자 유지율 증가와 플랫폼 홍보 강화로 이어졌습니다.
Ryde Group Ltd (NYSE : RYDE) a mené avec succès son initiative d'engagement des conducteurs à l'occasion de la fête nationale de Singapour, mettant en avant son orientation stratégique sur la fidélisation des conducteurs dans le marché compétitif de la mobilité à Singapour. L'initiative, célébrant le 60e anniversaire de l'indépendance de Singapour, a inclus la distribution de T-shirts et d'autocollants en édition limitée à plus de 600 partenaires conducteurs.
Au cœur de l'avantage concurrentiel de Ryde se trouve son modèle unique de commission à 0%, qui le distingue des concurrents facturant plus de 20% de commission. L'approche globale de l'entreprise comprend divers programmes d'engagement communautaire tels que le déjeuner annuel du Nouvel An chinois, #RydeHongbao et #MakanWithRyde, aboutissant à des taux de fidélisation des conducteurs plus élevés et à une promotion accrue de la plateforme.
Ryde Group Ltd (NYSE: RYDE) hat seine Fahrerbindungsinitiative zum Nationalfeiertag Singapurs erfolgreich umgesetzt und damit seinen strategischen Fokus auf die Fahrerbindung im wettbewerbsintensiven Mobilitätsmarkt Singapurs unterstrichen. Die Initiative, die den 60. Unabhängigkeitstag Singapurs feiert, umfasste die Verteilung von limitierten Nationalfeiertags-T-Shirts und Aufklebern an über 600 Fahrerpartner.
Zentral für den Wettbewerbsvorteil von Ryde ist das einzigartige 0%-Provisionsmodell, das das Unternehmen von Wettbewerbern unterscheidet, die über 20% Provision verlangen. Der umfassende Ansatz des Unternehmens beinhaltet verschiedene Community-Engagement-Programme wie das jährliche CNY-Mittagessen, #RydeHongbao und #MakanWithRyde, was zu höheren Fahrerbindungsraten und einer stärkeren Befürwortung der Plattform führt.
- Implemented 0% commission model, significantly higher than competitors' 20%+ commission rates
- Strong driver retention rates through comprehensive engagement programs
- Strategic community-building initiatives driving platform differentiation
- Alignment with ESG goals and UN Sustainable Development Goals
- Operates in highly competitive mobility market in Singapore
- Heavy investment required in driver retention and community programs
Invests in driver-partner loyalty programs as key competitive differentiator in Singapore
SINGAPORE, SG / ACCESS Newswire / August 6, 2025 / Ryde Group Ltd (NYSE American: RYDE) ("Ryde'' or the "Company"), a leading platform for mobility and quick commerce, announced the successful completion of its Singapore National Day driver engagement initiative, part of the Company's strategic focus on driver retention and platform differentiation in Singapore's highly competitive mobility market.
This initiative, celebrating Singapore's 60th independence anniversary and the vital role played by driver-partners in building a more connected and inclusive Singapore, demonstrates Ryde's data-driven approach to driver loyalty-a critical factor for sustainable growth and competitive positioning in the mobility sector. With over 600 driver-partners invited to collect limited-edition black National Day T-shirts and Ryde decals through a convenient drive-by pick-up point on Victoria Street, the program reinforces Ryde's strategy to differentiate through superior driver experience and community engagement.
Driver-partners appreciated the convenience of the setup, which allowed them to collect their commemorative items without disrupting their daily schedules-a testament to Ryde's understanding of their operational needs.
"This National Day initiative represents more than celebration-it's a strategic investment in our most valuable asset: our driver-partner network," said Suraj Raj, Senior Manager, Group Corporate Communications & Branding of Ryde Group. "With strong driver participation rates, we are continuing to see direct correlation between community investment and key business metrics. This strategic approach to driver-partner relations positions us for sustainable growth in Singapore and beyond."
Strategic Driver-Partner Retention Drives Competitive Advantage
The National Day event is part of Ryde's broader strategy to actively engage and empower its driver-partner community. It follows a series of successful initiatives including the Annual CNY Lunch, the #RydeHongbao red packet giveaway, and the #MakanWithRyde food drive-all of which aim to foster stronger bonds, uplift morale, and build long-term loyalty.
This comprehensive approach to community building sets Ryde apart in Singapore's competitive ride-hailing landscape. While other platforms focus primarily on transactional relationships, Ryde invests in creating meaningful connections that extend beyond daily operations. The company's consistent year-round engagement strategy has resulted in higher driver retention rates and increased platform advocacy among its driver-partner community.
Ms. Siti, a veteran Ryde driver-partner, shared her enthusiasm: "This SG60 celebration is more than just a giveaway-it's about recognition, inclusion, and pride. Ryde continues to show they value us not just as service providers, but as part of something bigger. Wearing this National Day shirt makes me proud to represent both Singapore and Ryde."
Another driver-partner, Mr. Ismail, expressed his appreciation: "After driving for many platforms, Ryde truly stands out. This SG60 event shows they remember us during important national moments. It makes me feel valued and part of the Singapore story."
Zero-Commission Model Creates Sustainable Competitive Moat
Central to Ryde's driver-partner retention strategy is its industry-leading
The zero-commission approach, combined with community engagement initiatives, generates a "dual-value proposition" that addresses both financial and psychological driver-partner needs. This model has proven particularly effective in attracting high-quality, professional drivers who value transparent compensation structures and community recognition.
Our focus is on building sustainable competitive advantages through driver-centric policies that prioritize long-term retention over short-term acquisition metrics.
ESG Commitment and Sustainable Development
Ryde's community-focused efforts also contribute to broader Environmental, Social, and Governance (ESG) goals, aligning with key UN Sustainable Development Goals (SDGs):
SDG 8 - Decent Work and Economic Growth: By recognizing and celebrating driver-partners' contributions, Ryde fosters fair and dignified work.
SDG 11 - Sustainable Cities and Communities: Through inclusive and grassroots-led initiatives, Ryde strengthens community bonds and national unity.
Growth Strategy and Market Expansion Outlook
As Singapore marks 60 years of independence, Ryde continues to renew its commitment to building a more equitable, community-driven platform-one where driver-partners are heard, respected, and empowered to thrive alongside the nation's continued growth.
Moving forward, Ryde plans to introduce additional community engagement initiatives that celebrate both local culture and driver-partner contributions. The company remains committed to its vision of creating a mobility ecosystem where technology serves humanity, communities are strengthened, and every stakeholder-from driver-partners to riders-benefits from a more connected Singapore.
As competition for quality driver-partners intensifies across Southeast Asian mobility markets, retention-focused strategies become increasingly valuable for maintaining competitive positioning and achieving sustainable profitability targets. Ryde's community-first approach offers particular advantages in culturally diverse markets where local engagement and brand trust significantly impact adoption rates.
To learn more about Ryde's ongoing driver-partner-focused initiatives, visitwww.rydesharing.com.
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
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Email: media@rydesharing.com
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Ryde Group Ltd
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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
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