More ride-hailing apps: Two new TNCs accredited

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Metro Manila (CNN Philippines, December 7) — Two more transport network companies (TNCs) have been accredited to serve the ride-hailing market dominated by Grab.

The Land Transportation Franchising and Regulatory Board (LTFRB) gave the go signal for RYD Global Inc and Aztech Solution International Corp. The TNCs will operate ride-hailing apps "Snappy Cab" and "Ryd Global," respectively.

The accreditation papers were signed on Wednesday and released on Friday.

The two TNCs will compete with Grab, GoLag, HirNa, Hype, MiCab, OWTO, and U-Hop.