The new player - FastGo from Vietnam was introduced to Myanmar at the end of 2018 together with local partner AsiaSun Group. They’re offering very difference services charge model compare to others. They said they’re now giving free of services charges for all driver from 6 to 12 months to experience their services. After the period, they will not charge to driver by % commission like others in the market but they will charge by flat fee which is from 0 ks to maximum 3,000 ks a day according to daily revenue.
After just two months of setup pre-conditions, localization and acquiring driver partners, FastGo said they got enough of basic online driver to start opening the passenger acquisition plan from March 2019. Along with Grab Taxi, Oway Ride and Get Ride, the new player from Vietnam – FastGo start giving big promotion campaigns to warmup the local market.
According to their official information, they’re now providing very big promotions for both drivers and passengers which are: • On Full Moon day of TaBaung 20 March, all passenger with get 50% discount with amount up to 2000ks/ trip to & from Shwedagon Pagoda while their driver partner will get 500 ks bonus for 1 trip. • From 21th to end of March, FastGo also offer 50% discount for first 5 trips per passenger with amount up to 1500 ks/trip. • After those promotion programs, FastGo person said they’re going to lunch another program named “Cash Back” for their passenger to ride more - get more. • FastGo will automatically add more bonus to their driver partner at some far places to make sure they will get the better income but customer doesn’t need to pay more.
Based on information from FastGo official Fan-page, they have just announced that FastGo is the first Ride Haling platform who provide trip insurance for their driver partners and passengers together with local company Capital Life Insurance. The trip which coverage by insurance can get paid up to 2,000,000 Ks per person per accident. FastGo spoken person:
“We will pay income to our driver partner in the next day which other company have to take almost a week or more than. We will guarantee the cheapest services charges to driver when withdraw money via thousands store of our wallet partner - Mytel” Said – U Myo Myint Maung Business Development Director of FastGo Myanmar.
FastGo also have strong cooperation with largest 4G and most innovative operator - Mytel to provide special offer Data, Call, Top-up & Payment services to all their driver partners and passengers. FastGo spoken person said their passenger & driver will enjoy a lot of cross-promotion programs soon.
Regarding to Services Charges, U Myo Myint Maung said: “FastGo is going to be eco-system to provide on demand services to daily life of Myanmar people so all of our plans and strategies are always made for long-run. We guarantee our partner will get better income and our passengers will served better ride with cheaper cost but better services. We will not increase price in high demand, peak hours or raining to passenger like other but we open TIP feature so passenger can give some TIP before booking to get the car easier. For Driver they’re not only get more TIP from passenger but also get bonus points from FastGo which able to convert to money later”.
At this moment, FastGo only support passenger in Myanmar pay by Cash and “FastGo Reward Card”. Very soon FastGo will accept payment by Mytel Wallet and Visa/MasterCard and other international card in coming few months. Passenger can download app from Google Play Store or Apple Store from now on enjoy upcoming promotions.