#grab

Companies including JoyRide, Angkas, Move It, and Grab confirmed that they have lowered their commission cuts to help ease the financial burden on drivers affected by increasing fuel costs. For four-wheel ride-hailing, Grab reduced its commission from around 20–21% to 18%. JoyRide: 20% → 15% (can drop to 10% with incentives) Angkas: 20% → 15% (can go as low as 0% for active riders) Move It: Now starts at 15% (with fuel vouchers support) Grab: 20–21% → 18% During its GrabX annual product showcase in Jakarta, Indonesia, the ride-hailing company announced its own Cash Loan service. These include how often a user books rides, their average order value on GrabFood, and how long they’ve been using the platform. The system combines these data points into a single score that Grab uses to decide who qualifies for a loan. The Philippines is the first market to launch the service, a move Grab says reflects the country’s competitive landscape regarding financial services for the underbanked. Grab President and Chief Operating Officer Alex Hungate noted that demand for alternative financing options remains strong in the region. Read more in our articles including "Ride-hailing apps cut commissions as fuel prices rise" and "Grab now has a Cash Loan service".