FastGo has been operating in Singapore and will try on markets in Indonesia, Thailand and the Philippines at the end of this year.
Gojek is optimistic that they remain as leaders of the market for ride-hailing services after the arrival of FastGo, a new competitor from Vietnam. FastGo will enter the Indonesian market by the end of 2019.
VP Corporate Communication Gojek Kristy Nelwan stressed, Gojek is the largest mobile on-demand platform in Indonesia. Although, the company headed by Nadiem Makarim will remain open.
“We always support business competition that can create a healthy industry,” Kristy told Katadata.co.id, Tuesday (5/21).
He added, Gojek also continued to ensure sustainable income opportunities for partners. On the other hand, Gojek also still promises excellent service for consumers.
Previously, FastGo was present in Singapore in March 2019. After that, FastGo stated it would enter the Indonesian, Thai and Philippine markets by the end of this year. Based on the Kr-Asia report, the FastGo application is available for download on the App Store and Google Play Store in Singapore. There, founder and CEO of FastGo Nguyen Huu Tuat said that the service would be cheaper than other applicators.
Kr-Asia also compares the prices of FastGo with Grab and Gojek in Singapore. FastGo charges US $ 19.7 for 21.5 kilometers of travel using four-wheeled vehicles. While the tariffs for Gojek and Grab are only US $ 13 and US $ 13.2 for the same distance.
The difference is, FastGo, through its official statement in March, said that the tariff was fixed. In contrast to Gojek and Grab, they adopt dynamic rates that can go up and down on demand at certain locations and times.
FastGo was founded in 2018 and already has around 60 thousand driver partners in Vietnam. In its home country, FastGo also launched a helicopter ride service called FastSky. This service was provided by Grab in Jakarta, Indonesia in 2017.
Meanwhile, Grab has not provided any information regarding FastGo that will enter Indonesia.