- Ryde Group Ltd (RYDE, Financial) reaffirms commitment to gig workers at NTUC May Day Rally 2025 in Singapore.
- The company emphasizes a 0% commission policy and its "7 Driver Commitments" framework to support gig economy workers.
- Prime Minister Lawrence Wong highlights Singapore's tripartite model as a competitive advantage at the rally.
Ryde Group Ltd (RYDE), a pioneering super app provider for mobility and delivery services, recently reaffirmed its commitment to enhancing gig worker welfare at the NTUC May Day Rally 2025 held in Singapore. The rally, attended by over 1,600 union leaders and tripartite partners, featured Singapore's Prime Minister Lawrence Wong, who emphasized the significance of the tripartite model in maintaining the nation's competitive edge.
Since its inception in 2014 as the first on-demand real-time carpooling app, Ryde has evolved into a publicly listed company on the NYSE American, continuing to prioritize the welfare of its driver-partners. The company has made strides in supporting gig economy workers through a comprehensive framework known as the "7 Driver Commitments." This framework addresses key aspects such as fair earnings, safety, professional development, dedicated support, job flexibility, active engagement, and sustainability, ensuring a dignified and empowering experience for all driver-partners.
A standout initiative by Ryde is its 0% commission policy, allowing driver-partners to retain most of their earnings even amidst rising operational costs and inflationary pressures. This unique policy exemplifies Ryde's dedication to maximizing income reliability for those integral to its platform.
Subashini Thanakodi, Associate Director of Operations at Ryde Group, reiterated the company's mission to provide a platform that respects and rewards the contributions of its service providers. Ryde continues to explore collaborative opportunities with government, employers, and unions to further enhance social protections and address the evolving needs of the gig economy workforce.
