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Philippines
Thursday, March 28, 2024

Move IT remains third motorcycle taxi operator

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Move IT, a local transport solutions provider, said Thursday it remains the country’s third motorcycle taxi operator despite the acquisition by Grab Philippines.

“There are only three motorcycle taxi companies—Angkas, Joyride and Move It—and Grab, by acquiring Move IT, does not become a fourth player,” said Move IT chairman Francis Juan.

Juan said a “hidden hand” was trying to stop Move IT from becoming a bigger player and offering competition that would improve services and even lower fares to the riding public.

“If an individual buys a franchised tricycle of another, the buyer does not become a second franchisee but only the owner of the tricycle,” he said.

Juan said Move IT has its own legal personality and owns accreditation as a motorcycle taxi business. This accreditation stays with it regardless of who owns the company, he said.

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