Ryde Rolls Out Double Cashback for Eid al-Fitr, Strengthening Subscription-Based Mobility in Singapore.
Ryde Group (NYSE:RYDE) has launched a Double Cashback initiative for Eid al-Fitr, offering Ryde+ subscribers an additional 3% cashback on rides paid with RydeCoins from March 17-31, 2025. This promotion doubles the usual rewards during Ramadan.
The initiative includes exclusive benefits for Ryde+ subscribers:
- Extra 3% cashback on all RydeCoin payments
- Additional $2 cashback on first 11 trips
- $5 bonus on the 16th trip
- Priority ride-matching during peak hours
- Exclusive lifestyle partner discounts
This campaign follows the success of Ryde's Supersized Cashback Christmas Challenge and represents the company's strategy to strengthen its subscription-based revenue model in Singapore's competitive ride-hailing market. Ryde+ is positioned as the only subscription program in Singapore offering unlimited cashbacks on every trip.
Ryde Group (NYSE:RYDE) ha lanciato un'iniziativa di Cashback Doppio per Eid al-Fitr, offrendo agli abbonati Ryde+ un ulteriore 3% di cashback sulle corse pagate con RydeCoins dal 17 al 31 marzo 2025. Questa promozione raddoppia le solite ricompense durante il Ramadan.
L'iniziativa include vantaggi esclusivi per gli abbonati Ryde+:
- Extra 3% di cashback su tutti i pagamenti con RydeCoin
- Ulteriore $2 di cashback sui primi 11 viaggi
- Bonus di $5 sul 16° viaggio
- Abbinamento prioritario delle corse durante le ore di punta
- Sconti esclusivi dai partner lifestyle
Questa campagna segue il successo della Sfida di Cashback Natalizia Supersized di Ryde e rappresenta la strategia dell'azienda per rafforzare il suo modello di entrate basato sugli abbonamenti nel competitivo mercato delle corse in Singapore. Ryde+ è posizionato come l'unico programma di abbonamento a Singapore che offre cashback illimitati su ogni viaggio.
Ryde Group (NYSE:RYDE) ha lanzado una iniciativa de Doble Cashback para Eid al-Fitr, ofreciendo a los suscriptores de Ryde+ un 3% adicional de cashback en los viajes pagados con RydeCoins desde el 17 hasta el 31 de marzo de 2025. Esta promoción duplica las recompensas habituales durante el Ramadán.
La iniciativa incluye beneficios exclusivos para los suscriptores de Ryde+:
- 3% extra de cashback en todos los pagos con RydeCoin
- 2 dólares adicionales de cashback en los primeros 11 viajes
- 5 dólares de bonificación en el 16° viaje
- Emparejamiento prioritario de viajes durante las horas pico
- Descuentos exclusivos de socios de estilo de vida
Esta campaña sigue el éxito del Desafío de Cashback Navideño Supersized de Ryde y representa la estrategia de la empresa para fortalecer su modelo de ingresos basado en suscripciones en el competitivo mercado de transporte privado de Singapur. Ryde+ se posiciona como el único programa de suscripción en Singapur que ofrece cashback ilimitado en cada viaje.
라이드 그룹 (NYSE:RYDE)는 Eid al-Fitr를 맞아 더블 캐시백 이니셔티브를 출시하여 Ryde+ 구독자에게 2025년 3월 17일부터 31일까지 RydeCoins로 결제한 승차에 대해 추가 3% 캐시백을 제공합니다. 이번 프로모션은 라마단 기간 동안의 일반 보상을 두 배로 늘립니다.
이 이니셔티브는 Ryde+ 구독자에게 독점적인 혜택을 포함합니다:
- 모든 RydeCoin 결제에 대해 추가 3% 캐시백
- 첫 11회 여행에 대해 추가 $2 캐시백
- 16번째 여행에 대해 $5 보너스
- 피크 시간대 우선 승차 매칭
- 독점적인 라이프스타일 파트너 할인
이 캠페인은 라이드를 통한 슈퍼사이즈 캐시백 크리스마스 챌린지의 성공에 이어 진행되며, 싱가포르의 경쟁적인 승차 호출 시장에서 구독 기반 수익 모델을 강화하기 위한 회사의 전략을 나타냅니다. Ryde+는 싱가포르에서 매 여행마다 무제한 캐시백을 제공하는 유일한 구독 프로그램으로 자리잡고 있습니다.
Ryde Group (NYSE:RYDE) a lancé une initiative de Double Cashback pour Eid al-Fitr, offrant aux abonnés Ryde+ un cashback supplémentaire de 3% sur les courses payées avec des RydeCoins du 17 au 31 mars 2025. Cette promotion double les récompenses habituelles pendant le Ramadan.
L'initiative comprend des avantages exclusifs pour les abonnés Ryde+ :
- 3% de cashback supplémentaire sur tous les paiements en RydeCoin
- 2 dollars supplémentaires de cashback sur les 11 premiers trajets
- Bonus de 5 dollars sur le 16ème trajet
- Mise en correspondance prioritaire des trajets pendant les heures de pointe
- Remises exclusives de partenaires lifestyle
Cette campagne fait suite au succès du Défi de Cashback de Noël Supersized de Ryde et représente la stratégie de l'entreprise pour renforcer son modèle de revenus basé sur les abonnements dans le marché compétitif du transport à la demande à Singapour. Ryde+ se positionne comme le seul programme d'abonnement à Singapour offrant des cashback illimités sur chaque trajet.
Ryde Group (NYSE:RYDE) hat eine Double Cashback-Initiative für Eid al-Fitr gestartet und bietet Ryde+-Abonnenten vom 17. bis 31. März 2025 zusätzlich 3% Cashback auf Fahrten, die mit RydeCoins bezahlt werden. Diese Aktion verdoppelt die üblichen Belohnungen während des Ramadan.
Die Initiative umfasst exklusive Vorteile für Ryde+-Abonnenten:
- Zusätzliche 3% Cashback auf alle RydeCoin-Zahlungen
- Zusätzliche 2 Dollar Cashback auf die ersten 11 Fahrten
- 5-Dollar-Bonus auf der 16. Fahrt
- Priorisierte Fahrzuweisung während der Hauptverkehrszeiten
- Exklusive Rabatte von Lifestyle-Partnern
Diese Kampagne folgt dem Erfolg von Rydes Supersized Cashback Weihnachtsherausforderung und stellt die Strategie des Unternehmens dar, sein abonnementbasiertes Einnahmemodell im wettbewerbsintensiven Ride-Hailing-Markt in Singapur zu stärken. Ryde+ positioniert sich als das einzige Abonnementprogramm in Singapur, das unbegrenzte Cashback auf jede Fahrt anbietet.
- Only platform in Singapore offering unlimited cashback on every trip
- Rapid adoption among daily commuters
- Strong subscription-based revenue model
- Strategic positioning in competitive ride-hailing market
- Operating in highly price-sensitive market with intense competition
- Customer retention challenges in competitive landscape
SINGAPORE, SG / ACCESS Newswire / March 26, 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, is marking Eid al-Fitr (also known as Hari Raya Aidilfitri in Southeast Asia)with a Double Cashback initiative for its loyal subscribers.
From 17th March to 31st March, Ryde+ subscribers will receive an additional
Ryde+ Driving Change in Singapore's Competitive Ride-Hailing Market
Singapore's ride-hailing industry is one of the most competitive in Southeast Asia, with multiple players competing for market share in a price-sensitive and service-driven landscape. The market has seen intense competition in pricing, promotions, and service differentiation, making customer retention a key challenge for ride-hailing platforms. As a result, companies are increasingly looking at subscription-based mobility models as a way to build long-term loyalty and sustainable revenue streams.
Ryde+ has emerged as a leading subscription model in Singapore's competitive ride-hailing industry, providing riders with tangible cashback benefits, priority ride-matching and lifestyle perks that sets it apart from it's competitors. In fact, Ryde+ is the only subscription program in Singapore that offers unlimited cashbacks on every trip.
Since its launch, Ryde+ has seen rapid adoption among daily commuters who rely on ride-hailing for work, family, and social engagements. The introduction of the Double Cashback Program, following the success of Ryde's Supersized Cashback Christmas Challenge, is part of the company's broader strategy to strengthen customer loyalty and enhance its subscription-driven revenue model.
Ryde+ subscribers are now rewarded with double cashback benefits, designed to enhance platform engagement and showcase Ryde's subscription-based growth strategy. The festive campaign reflects Ryde's commitment to delivering greater value while celebrating key cultural moments with our local community.
By leveraging festive campaigns and rewards, Ryde+ aims to carve out a sustainable niche in Singapore's highly competitive ride-hailing space, ensuring riders continue to choose its platform over alternatives.
Exclusive Benefits for Ryde+ Subscribers During Eid al-Fitr
To enhance mobility access during one of the busiest travel seasons of the year, Ryde+ subscribers will enjoy a suite of exclusive perks throughout Eid al-Fitr, including:
Double Cashback Delight: Enjoy an extra
3% cashback on all rides paid with RydeCoins, on top of the usual cashback rewards.Unlimited Cashback:
3% cashback on every trip, plus additional fixed cashback on selected rides.Additional Cashback: Earn extra
$2 cashback on the first 11 trips and a$5 b onus on the 16th trip.Priority Matching: Faster ride-matching during peak hours for greater convenience.
Lifestyle Perks: Exclusive discounts and deals across F&B, retail, and lifestyle partners.
Through these exclusive benefits, Ryde+ aims to provide riders with not just a subscription, but a smarter, more rewarding way to travel - one that aligns with their daily lifestyle while offering unmatched savings and convenience.
"Through our Double Cashback program, we are excited to celebrate with our community by providing meaningful savings and added convenience," said Charmaine Lam, Assistant Manager, Marketing at Ryde. "Ryde+ is not just a subscription- it's a smarter, more rewarding way to move, especially during this festive season."
The Future of Subscription-Based Ride-Hailing in Singapore
Singapore's ride hailing industry is seeing a shift toward subscription-driven models, mirroring global trends where riders seek predictable pricing, enhanced perks, and seamless user experiences.
Ryde's approach-combining cashback rewards with seasonal engagement strategies-has positioned it as a key player in Singapore's evolving ride-hailing ecosystem. With a focus on long-term sustainability and user retention, Ryde+ is expected to play a pivotal role in the company's continued growth in Singapore.
With millions observing Ramadan globally, Ryde is proud to stand in solidarity with the values of compassion, giving and community.We take this opportunity to wish Ramadan Mubarak from all of us at Ryde. Ramadan Kareem to all who observe. Selamat Hari Raya Aidilfitri.
For more information, visit www.rydesharing.com or download the Ryde app.
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
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Email: media@rydesharing.com
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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 are the dates for Ryde's Double Cashback Eid al-Fitr promotion?
How much extra cashback do RYDE subscribers get during the Eid promotion?
What special bonuses does RYDE offer during the Eid promotion?
How is RYDE's subscription model different from other Singapore ride-hailing services?
