SINGAPORE - In a move to shore up its position in preparation for the arrival of a new rival, ride-hailing firm Grab is rolling out a guaranteed income scheme for its drivers.
By the end of this month, the five-year-old company will introduce a tiered rewards programme pegged to weekly trip targets. It will guarantee gross monthly incomes of $6,888 to $11,888, before deducting costs such as rental and fuel.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
