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FastGo expects to capture ride-hailing market share of 30-40%
By Chi Thinh
Saturday,  Aug 11, 2018,13:01 (GMT+7)

FastGo expects to capture ride-hailing market share of 30-40%

By Chi Thinh

FastGo director Nguyen Huu Tuat speaks at the launching ceremony of FastGo. The firm will add new features to its service - PHOTO: CHI THINH

HCMC – FastGo Vietnam Co Ltd. expected to gain a 30-40% market share in the local ride-hailing market after the first two years, a representative of the company said at the launching ceremony of FastGo, a ride-hailing app, on August 10.

The representative insisted that besides providing its services in Hanoi City and HCMC, FastGo will quickly extend its presence in provinces and cities across the country.

The firm confirmed that FastGo will skip collecting commissions from drivers, but charge each driver a maximum VND30,000 per day. Typically, foreign ride-hailing firms collect a 20-25% commission.

FastGo Vietnam on the occasion also launched the ride-hailing app FastBike, which provides customers with motorbike services in HCMC and Hanoi City. When FastGo was introduced in Hanoi City on June 12, the firm only offered three services, namely FastCar, FastTaxi and FastLuxury.

FastGo director Nguyen Huu Tuat said that compared to other ride-hailing services, FastGo has more features, including payment via credit cards, ATM cards and scanning QR codes. Fares of FastGo services are lower than those of other firms, Tuat stressed.

FastGo is targeting those customers who use bank cards for payments or pay online for FastCar and FastBike services. Thanks to the non-cash payment form, the firm’s promotional programs will be better controlled during the initial period, the company said.

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