Ride-sharing fare comparison app launched in Singapore... "Price differences even for the same distance"

[Asia Economy Reporter Jeong Hyunjin] An application (app) that compares fares among ride-sharing service providers has been launched in Singapore, helping users save on transportation costs.

According to the daily Straits Times on the 15th, Spur, founded by two young entrepreneurs, currently offers an app service that compares fares of ComfortDelGro, Grab, and Gojek, which provide ride-sharing services in Singapore. Spur, which started its service in April, utilizes the public application programming interface (API) of the Land Transport Authority of Singapore.

Mark Lim, co-founder and CEO, said, "Spur was born during the COVID-19 pandemic," adding, "We thought that if customers using ride-sharing services save 2 to 3 Singapore dollars (approximately 1,730 to 2,600 KRW) each time, it could ultimately help save a considerable amount of money." He emphasized, "Because we are not affiliated with any company, our service is honest."

The Straits Times reported that after directly using the Spur app on the 11th, there was about a 2 Singapore dollar difference in fares quoted by each company for a 4.6 km trip from the suburbs at 11:30 a.m. It also explained that there were fare differences when checking the same route around 9 p.m. on a weekday through the Spur app.

CEO Lim stated that not only are ride-sharing service providers adjusting their fares due to Spur, but competition is also intensifying, and he expects customers to flock to the app to find the cheapest ride-sharing service fares.

Co-founder and Chief Technology Officer (CTO) Timothy Go explained that, in addition to the three current ride-sharing service providers, they are preparing to enable fare comparisons for SMRT and Tada on the app.

This content was produced with the assistance of AI translation services.