Ride-hailing Services, Technology, and Regulations in Singapore–Malaysia Market
Taxi market in Singapore and Malaysia has been dominated by the world’s leading ride-hailing service providers. Being the hubs of attractions, Singapore and Malaysia fascinate tourists with its alluring beauty. In Singapore, rationalization of the competitive landscape has stabilized revenue from the ride-hailing business. Visitors prefer to rent taxis or luxury limousines to travel from Singapore to Malaysia as it is the easiest and fastest way to cross the border without worrying about the immigration checking. Specially licensed taxi cabs can provide more convenience by commuting people anywhere. Prevailing business opportunities attract taxi drivers to take up ride-hailing option to get even more; however, both countries have set regulations to standardize their transportation service. They have to abide by it. Ride-hailing Market Taxi is obviously a revenue-generating business in Singapore as well as Malaysia. After the disruption of the ride-hailing business model, small-scale ...