Food delivery platforms deny profiting from surge in demand during virus crisis
GrabFood, foodpanda, Deliveroo say they need to pay delivery riders fairly and cover costs
Singapore
GRABFOOD, foodpanda and Deliveroo said on Friday that their merchant commission rates are justified because they ensure that delivery riders are fairly paid and the cost of service is covered.
The companies were addressing complaints from the food and beverage (F&B) sector and the public about the high commissions charged to restaurants for each delivery order. Key to the debate was whether the delivery platforms were taking advantage of the surge in demand for food deliveries during the Covid-19 crisis to make more profits.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance