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Ryde Opens Doors to International Travelers, Offering Seamless Mobility Solutions in Singapore

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Ryde Group (NYSE American: RYDE) has announced the expansion of its mobility services to international travelers in Singapore. The company's app now offers tourists a seamless ride-hailing experience with features including real-time tracking and multiple payment options. James Tan, Director of Product, emphasized that this strategic move aims to capture revenue potential in Singapore's tourism sector while positioning Ryde as the preferred transportation choice for visitors. The app is available for download on both App Store and Google Play Store.

Ryde Group (NYSE American: RYDE) ha annunciato l'espansione dei suoi servizi di mobilità per i viaggiatori internazionali a Singapore. L'app dell'azienda ora offre ai turisti un'esperienza di ride-hailing senza interruzioni, con funzionalità che includono il tracciamento in tempo reale e diverse opzioni di pagamento. James Tan, Direttore del Prodotto, ha sottolineato che questa mossa strategica mira a catturare il potenziale di guadagno nel settore turistico di Singapore, posizionando Ryde come la scelta di trasporto preferita per i visitatori. L'app è disponibile per il download sia su App Store che su Google Play Store.

Ryde Group (NYSE American: RYDE) ha anunciado la expansión de sus servicios de movilidad para viajeros internacionales en Singapur. La aplicación de la empresa ahora ofrece a los turistas una experiencia de transporte sin interrupciones, con características que incluyen seguimiento en tiempo real y múltiples opciones de pago. James Tan, Director de Producto, enfatizó que este movimiento estratégico tiene como objetivo capturar el potencial de ingresos en el sector turístico de Singapur, posicionando a Ryde como la opción de transporte preferida para los visitantes. La app está disponible para descarga tanto en la App Store como en Google Play Store.

라이드 그룹 (NYSE American: RYDE)는 싱가포르에서 국제 여행자를 위한 모빌리티 서비스 확장을 발표했습니다. 회사의 앱은 이제 관광객들에게 실시간 추적 및 다양한 결제 옵션을 포함한 원활한 호출 택시 경험을 제공합니다. 제임스 탄, 제품 이사는 이 전략적 조치가 싱가포르 관광 부문에서 수익 잠재력을 확보하는 것을 목표로 하며, 라이드를 방문객을 위한 선호되는 교통 수단으로 자리매김하기 위해 노력하고 있다고 강조했습니다. 이 앱은 App Store와 Google Play Store에서 다운로드할 수 있습니다.

Ryde Group (NYSE American: RYDE) a annoncé l'expansion de ses services de mobilité pour les voyageurs internationaux à Singapour. L'application de l'entreprise offre désormais aux touristes une expérience de demande de transport fluide, avec des fonctionnalités telles que le suivi en temps réel et plusieurs options de paiement. James Tan, Directeur Produit, a souligné que ce mouvement stratégique vise à capter le potentiel de revenus du secteur touristique de Singapour tout en positionnant Ryde comme le choix de transport privilégié pour les visiteurs. L'application est disponible en téléchargement sur l'App Store et le Google Play Store.

Ryde Group (NYSE American: RYDE) hat die Expansion seiner Mobilitätsdienste für internationale Reisende in Singapur angekündigt. Die App des Unternehmens bietet Touristen nun ein nahtloses Fahrdienst-Erlebnis mit Funktionen wie Echtzeit-Tracking und mehreren Zahlungsmöglichkeiten. James Tan, Produktdirektor, betonte, dass dieser strategische Schritt darauf abzielt, das Umsatzpotenzial im Tourismussektor von Singapur zu nutzen und Ryde als bevorzugte Transportwahl für Besucher zu positionieren. Die App ist sowohl im App Store als auch im Google Play Store verfügbar.

Positive
  • Strategic expansion into the tourism market segment
  • Potential for revenue growth through increased user base
  • Implementation of global payment options enhancing service accessibility
Negative
  • None.

Insights

Opening the app to international travelers represents a modest expansion opportunity in Singapore's tourism market, but the impact appears given Ryde's small market cap and intense competition from established players like Grab and Gojek. While Singapore welcomed about 14 billion in tourism receipts in 2023, the transportation segment represents only a fraction of this and Ryde would need to capture significant market share to materially impact revenues.

The lack of specific revenue projections, market share targets, or implementation costs makes it difficult to quantify the potential financial impact. Without these metrics, this appears more like a routine product update rather than a game-changing strategic shift. The company will need to demonstrate meaningful tourist adoption and revenue growth to justify any significant market reaction.

SINGAPORE--(BUSINESS WIRE)-- Ryde Group Ltd (NYSE American: RYDE) ("Ryde'' or the “Company"), a home-grown technology company with a leading platform for mobility and quick commerce in Singapore, is excited to announce that our app is now accessible to international travelers visiting Singapore. This strategic move aims to provide a seamless, convenient and a trusted ride-hailing service for travelers that aligns with their travel needs.

(Photo: Business Wire)

(Photo: Business Wire)

With Ryde, international travelers can now effortlessly navigate Singapore's bustling streets and its major tourist attractions at the click of a button. The app's user-friendly interface, coupled with real-time tracking and multiple payment options, ensures a safe and hassle-free rider experience.

By opening its doors to international travelers, Ryde aims to drive growth and increase demand for its services.

James Tan, Director of Product at Ryde, shared, “We designed this app version with travelers in mind, prioritizing features like real-time tracking and global payment options. This launch not only broadens our user base but also strategically positions Ryde as the preferred choice for safe and convenient transport in Singapore’s growing tourism sector, unlocking substantial revenue potential.

Our commitment to safety and quality service is unwavering. Our driver-partners follow a code of conduct that aligns with Ryde’s dedication to providing a secure and reliable ride-hailing experience. We work closely with our drivers to ensure that every ride meets the high standards of care and dependability our riders expect.

International travelers can now download the Ryde app from the App Store or Google Play Store.

About Ryde

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 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.

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.

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

Source: Ryde Group

FAQ

What new features has Ryde (RYDE) introduced for international travelers?

Ryde has introduced real-time tracking and global payment options specifically designed for international travelers using their ride-hailing service in Singapore.

Where can travelers download the Ryde (RYDE) app?

The Ryde app is available for download on both the App Store and Google Play Store.

What is Ryde's (RYDE) strategy for the Singapore tourism sector?

Ryde aims to position itself as the preferred transportation choice for tourists in Singapore by providing a safe, convenient, and reliable ride-hailing service with traveler-focused features.

Ryde Group Ltd.

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