2 potential Grab competitors get accreditation from LTFRB

MANILA, Philippines — The Land Transportation Franchising and Regulatory Board approved the accreditation of two more transportation network companies.

LTFRB Chair Martin Delgra and Board Member Ronaldo Corpus signed the certificates of accreditation of Aztech Solution International Corp. and Ryd Global, Inc. Wednesday but the documents were released on Friday.

Aztech Solution International Corp. and Ryd Global will be allowed to operate for two years.

Two new transport network companies get accreditation from the LTFRB. pic.twitter.com/QMj4bvcK5x

— Gerard de la Peña (@gerarddelapena) December 7, 2018

The two companies will operate ride-hailing applications called “Snappy Cab” and “Ryd Global,” respectively.

The new TNCs will compete with Hype, Hirna, U-Hop, MiCab, OWTO and GoLag in a market dominated by Grab. — Gaea Katreena Cabico with report from News5/Gerard de la Peña