Ryde Integrates Alipay to Enhance Travel Convenience for International Visitors in Singapore
Ryde Group (NYSE:RYDE) has integrated Alipay into its ride-hailing platform in Singapore, enabling seamless payments for international visitors. This strategic move comes as Chinese arrivals to Singapore reached 3.08 million in 2024, representing a 126% year-on-year increase and accounting for 18.7% of all inbound arrivals.
The integration allows Alipay's 1.6 billion global users to link their accounts for instant transactions, pay in RMB with transparent pricing, and enjoy cashless rides while exploring Singapore. Initially, the service will be exclusively available to verified Mainland China Alipay users.
The partnership aims to enhance tourist convenience while strengthening Ryde's position in Singapore's competitive ride-hailing market. The company expects this integration to attract more Chinese tourists, increase ride bookings, boost transaction values, and create opportunities for future fintech collaborations.
Ryde Group (NYSE:RYDE) ha integrato Alipay nella sua piattaforma di ride-hailing a Singapore, consentendo pagamenti senza soluzione di continuità per i visitatori internazionali. Questa mossa strategica arriva mentre gli arrivi cinesi a Singapore hanno raggiunto 3,08 milioni nel 2024, rappresentando un 126% di incremento anno su anno e costituendo il 18,7% di tutti gli arrivi inbound.
L'integrazione consente agli 1,6 miliardi di utenti globali di Alipay di collegare i propri account per transazioni istantanee, pagare in RMB con prezzi trasparenti e godere di corse senza contante mentre esplorano Singapore. Inizialmente, il servizio sarà disponibile esclusivamente per gli utenti verificati di Alipay della Cina continentale.
La partnership mira a migliorare la comodità per i turisti, rafforzando al contempo la posizione di Ryde nel competitivo mercato del ride-hailing di Singapore. L'azienda si aspetta che questa integrazione attiri più turisti cinesi, aumenti le prenotazioni di corse, migliori i valori delle transazioni e crei opportunità per future collaborazioni nel fintech.
Ryde Group (NYSE:RYDE) ha integrado Alipay en su plataforma de transporte en Singapur, permitiendo pagos sin problemas para los visitantes internacionales. Este movimiento estratégico se produce cuando las llegadas chinas a Singapur alcanzaron 3,08 millones en 2024, lo que representa un 126% de aumento interanual y constituye el 18,7% de todas las llegadas entrantes.
La integración permite a los 1,6 mil millones de usuarios globales de Alipay vincular sus cuentas para transacciones instantáneas, pagar en RMB con precios transparentes y disfrutar de viajes sin efectivo mientras exploran Singapur. Inicialmente, el servicio estará disponible exclusivamente para usuarios verificados de Alipay de China continental.
La asociación tiene como objetivo mejorar la comodidad de los turistas mientras refuerza la posición de Ryde en el competitivo mercado de transporte de Singapur. La empresa espera que esta integración atraiga a más turistas chinos, aumente las reservas de viajes, eleve los valores de las transacciones y cree oportunidades para futuras colaboraciones en fintech.
Ryde Group (NYSE:RYDE)는 싱가포르의 차량 호출 플랫폼에 Alipay를 통합하여 국제 방문객들을 위한 원활한 결제를 가능하게 했습니다. 이 전략적 결정은 2024년 싱가포르에 도착한 중국인 수가 308만 명에 달했다는 사실을 반영하며, 이는 전년 대비 126% 증가한 수치로, 모든 유입 도착자의 18.7%를 차지합니다.
이 통합은 Alipay의 16억 글로벌 사용자들이 즉시 거래를 위해 계정을 연결하고, 투명한 가격으로 RMB로 결제하며, 싱가포르를 탐험하는 동안 현금 없는 탑승을 즐길 수 있도록 합니다. 초기에는 이 서비스가 중국 본토의 Alipay 사용자를 위해서만 제공됩니다.
이번 파트너십은 관광객의 편의를 향상시키는 동시에 싱가포르의 경쟁적인 차량 호출 시장에서 Ryde의 입지를 강화하는 것을 목표로 하고 있습니다. 회사는 이 통합이 더 많은 중국 관광객을 유치하고, 탑승 예약을 증가시키며, 거래 가치를 높이고, 미래의 핀테크 협업 기회를 창출할 것으로 기대하고 있습니다.
Ryde Group (NYSE:RYDE) a intégré Alipay dans sa plateforme de covoiturage à Singapour, permettant des paiements sans faille pour les visiteurs internationaux. Ce mouvement stratégique intervient alors que les arrivées chinoises à Singapour ont atteint 3,08 millions en 2024, représentant une augmentation de 126 % par rapport à l'année précédente et représentant 18,7 % de toutes les arrivées entrantes.
Cette intégration permet aux 1,6 milliard d'utilisateurs mondiaux d'Alipay de lier leurs comptes pour des transactions instantanées, de payer en RMB avec des prix transparents et de profiter de trajets sans espèces tout en explorant Singapour. Dans un premier temps, le service sera exclusivement disponible pour les utilisateurs vérifiés d'Alipay de la Chine continentale.
Le partenariat vise à améliorer la commodité des touristes tout en renforçant la position de Ryde sur le marché concurrentiel du covoiturage à Singapour. L'entreprise s'attend à ce que cette intégration attire davantage de touristes chinois, augmente les réservations de trajets, accroisse la valeur des transactions et crée des opportunités pour de futures collaborations dans le domaine des fintechs.
Ryde Group (NYSE:RYDE) hat Alipay in seine Ride-Hailing-Plattform in Singapur integriert, um nahtlose Zahlungen für internationale Besucher zu ermöglichen. Dieser strategische Schritt erfolgt, da die Ankünfte aus China in Singapur 2024 3,08 Millionen erreichten, was einem 126% Anstieg im Vergleich zum Vorjahr entspricht und 18,7% aller eingehenden Ankünfte ausmacht.
Die Integration ermöglicht es den 1,6 Milliarden globalen Nutzern von Alipay, ihre Konten für sofortige Transaktionen zu verknüpfen, in RMB mit transparenten Preisen zu bezahlen und bargeldlose Fahrten beim Erkunden von Singapur zu genießen. Zunächst wird der Service ausschließlich für verifizierte Alipay-Nutzer aus dem Festlandchina verfügbar sein.
Die Partnerschaft zielt darauf ab, den Komfort für Touristen zu erhöhen und gleichzeitig die Position von Ryde im wettbewerbsintensiven Ride-Hailing-Markt in Singapur zu stärken. Das Unternehmen erwartet, dass diese Integration mehr chinesische Touristen anzieht, die Buchungen erhöht, den Transaktionswert steigert und zukünftige Fintech-Zusammenarbeitsmöglichkeiten schafft.
- Integration with Alipay provides access to 1.6 billion global users
- Targets growing Chinese tourist market with 126% YoY growth
- Removes payment friction for international travelers
- Potential for increased transaction values from tourist longer-distance rides
- initial availability to only Mainland China Alipay users
- Faces intense competition in Singapore's ride-hailing market
Insights
Ryde's integration of Alipay represents a strategic market expansion targeting high-value Chinese tourists, which grew
The payment integration removes a critical friction point for international visitors, particularly tapping into Alipay's massive 1.6 billion global user base. From a revenue perspective, this positions Ryde to capture increased transaction volume through two key mechanisms: 1) higher ride frequency from international visitors who can now pay in their preferred currency, and 2) potentially longer, higher-value rides to tourist destinations.
What makes this partnership particularly valuable is its alignment with Singapore's broader tourism recovery, which hit historic highs in receipts during 2024. By enabling RMB payments with transparent pricing, Ryde eliminates currency conversion anxieties that often limit tourist spending. This represents a competitive advantage in Singapore's ride-hailing market that could help Ryde gain market share specifically within the lucrative international tourist segment.
While immediate financial impact may be modest relative to Ryde's overall business, the long-term strategic value extends beyond simply adding a payment option. This integration positions Ryde for potential expanded fintech collaborations and creates a foundation for targeting additional international markets with similar payment localization strategies.
SINGAPORE, SG / ACCESS Newswire / March 18, 2025 / Ryde Group Ltd (NYSE American:RYDE) ("Ryde'' or the "Company") , a technology company with a leading platform for mobility and quick commerce in Singapore, has integrated Alipay to provide a seamless payment experience for international visitors. International tourists visiting Singapore can now enjoy a smoother and more familiar ride-hailing experience, thanks to Ryde's latest integration of Alipay , one of China's most widely used digital payment platforms.
The move comes as Chinese arrivals to Singapore reached 3.08 million in 2024 , a
By offering Alipay as a payment option, Ryde removes a common inconvenience for International travellers-the reliance on cash or foreign credit cards-allowing them to navigate Singapore with greater ease. This enhancement benefits Alipay's 1.6 billion global users , enabling them to book rides seamlessly while visiting the country.
Seamless Payments, Hassle-Free Travel
With the new Alipay integration, International tourists using Ryde can now:
Link their Alipay accounts for instant, secure transactions.
Pay in RMB with transparent pricing.
Enjoy a faster, cashless experience while exploring the city.
For International travelers, this means more time soaking in the sights and less time worrying about payment logistics.
Singapore's Top Attractions Now More Accessible
Singapore continues to be a key destination for International visitors, with must-see attractions ranging from cultural landmarks to world-class leisure spots. With Ryde, tourists can seamlessly reach places like:
Bird Paradise in Mandai - Asia's largest bird park, home to over 3,500 birds across 400 species.
Maxwell Food Centre & Newton Food Centre - Famous for Singaporean staples like Hainanese chicken rice and chili crab.
Singapore Zoo & River Wonders - A chance to meet pandas and experience the Night Safari.
Marina Bay Sands & Gardens by the Bay - Iconic skyline views and lush futuristic gardens.
Sentosa & East Coast Park - From thrilling rides at Universal Studios to relaxing beachfront getaways.
A Competitive Move in Singapore's Ride-Hailing Market
The Alipay partnership not only enhances the user experience but also strengthens Ryde's position in Singapore's competitive ride-hailing industry. The integration is expected to:
A) Attract more Chinese tourists, a high-spending travel segment.
B) Increase ride bookings, removing payment friction as a barrier.
C) Boost transaction value, as tourists often take longer trips to key attractions.
D) Open doors for future fintech collaborations, strengthening Ryde's ecosystem.
Bridging the Gap for International Visitors
James Tan, Director of Product of Ryde Group, shared "Singapore stands as a premier destination for international travelers, and our goal is to make their experience effortless and enjoyable. By integrating Alipay into Ryde, we are not only elevating user convenience but also unlocking greater booking potential from this valuable travel segment. This integration eliminates a common travel hassle, empowering visitors to book rides with the same ease and familiarity they enjoy at home."
For now, Alipay payments will be available exclusively to verified Mainland China Alipay users, ensuring a seamless experience tailored to Ryde's growing Chinese customer base.
A Step Forward in Travel Convenience
With Alipay payments now live, Ryde continues to position itself as the go-to ride-hailing platform for international travelers in Singapore. For Chinese visitors, this latest update means one less hurdle when navigating the Lion City.
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, 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
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 is the impact of Alipay integration on Ryde's (NYSE:RYDE) market position in Singapore?
How many Chinese tourists visited Singapore in 2024 according to Ryde's (NYSE:RYDE) announcement?
What payment features does Ryde (NYSE:RYDE) offer through the Alipay integration?
Who can currently use the Alipay payment option on Ryde's (NYSE:RYDE) platform?
