MANILA — Drivers of ridesharing firm Uber in the Philippines and Southeast Asia must migrate to the platform of Grab after the Singapore-based company acquired its California-based corporate rival’s operations in the region.
“To minimise disruption, Grab and Uber are working together to promptly migrate Uber drivers and riders, Uber Eats customers, merchant partners and delivery partners to the Grab platform. The Uber app will continue to operate for two weeks to ensure stability for Uber drivers, who can find out how to sign-up to drive with Grab online,” Grab said in a statement Monday.
“Uber Eats will run until the end of May, after which Uber delivery and restaurant partners will move to the GrabFood platform,” it added.
Grab has announced that it has taken over Uber’s ridesharing and food delivery businesses in Southeast Asia integrating them into its transportation and financial technology (fintech) platform.
In return, Uber will receive a 27.5% stake in Grab’s shares. Uber’s Southeast Asian operations will continue until April 8, 2018.
For his part, Grab Philippines country head Brian Cu assured that the ridesharing firm will continue to coordinate with various government agencies and stakeholders to further improve the delivery of services to their customers.
“The combined services of Grab and Uber signals a wider network of TNVS drivers and passengers and improved ridesharing services,” Cu said.
“Our partnership with Uber will fuel our drive and passion for a better transport future even more. We will continue to work and collaborate with the Department of Transportation, Land Transportation Franchising and Regulatory Board (LTFRB), local government units and other stakeholders to constantly find ways to improve our services,” he added.
Last February, the LTFRB has issued a memorandum setting the common supply base for TNVS units at 66,750.
There are 59,020 accredited TNVS units for both Uber and Grab whose Certificates of Public Convenience were not processed by the LTFRB due to the moratorium on applications last July 2017. (PR)
