SG Bike to exit bicycle-sharing market after nearly 7 years; user accounts to be transferred to Anywheel
SINGAPORE: Native bicycle-sharing operator SG Bike is exiting the market after unbiased about seven years with its user accounts to be transferred to Anywheel by the tip of April.
This transfer would effectively make homegrown agency Anywheel, as soon as a rival of SG Bike, the biggest participant.
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Below an settlement between every corporations, SG Bike customers will be allowed to convert their present pockets steadiness to the Anywheel platform.
This will unbiased rob the compose of Anywheel flow-easiest credit which can’t be susceptible for flow coupons, Anywheel passes or merchandise, every corporations said in a joint assertion on Thursday (Mar 21).
The diagram comes as SG Bike has decided towards renewing its licence when it expires on Apr 30 because of the a “strategic shift in business route”.
“To make distinct the continuity and reliability of motorcycle-sharing products and services and to make distinct minimal disruption to its customers in Singapore, this diagram between Anywheel and SG Bike used to be made with basically top-of-the-line curiosity of their customers in tips,” said every operators.
SG Bike would possibly presumably also stop accepting unusual designate-ups, unusual credit high-united statesand purchases of passes from Thursday.
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All SG Bike customers will ogle their pockets steadiness mirrored within the Anywheel app by May well also 3 and no extra action is required from them, in step with a look on the Anywheel site.
Those with S$0 or extra in their pockets would possibly possibly presumably unbiased opt-in earlier for a S$10 flow-easiest credit incentive. Users who invent so will ogle their pockets steadiness mirrored on the Anywheel app by May well also 3 or earlier, said the firm.
Transfers and conversions can easiest be finished for the same registered or linked cellphone number, it added.
SG Bike possibilities who have to opt out of the conversion can apply online to invent so. Money wait on has not been offered.
“We extremely relief customers to proceed with the automatic conversion (or early conversion for added incentives). If they resolve to opt out, the conversion is not going to occur, and their pockets steadiness will stay on SG Bike app. Within the form of case, the remedy of the pockets steadiness will practice present terms and circumstances,” said an SG Bike spokesperson.
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“Following, SG Bike would possibly presumably also be clearing all our bicycles off the streets for scrapping.”
Source: Reuters