Green GSM inks a financial partnership with the Philippine National Bank (PNB) for further local expansion

Previously, only a budding electrified ride-hailing platform, Green GSM has now become more common and accessible, especially in the Greater Manila area. We have previously reported their partnership with 75 transport companies and cooperatives nationwide, and now Green GSM is looking to double down on their expansion efforts in the Philippines.

READ: Green GSM partners with 75 transport companies for PH expansion

Green GSM has just secured a financial partnership with the Philippine National Bank (PNB), amounting to a total of Php 2 billion worth of credit facility. This much-needed boost in their financial backbone aims to support their fleet expansion plans and operating capacity in the country. 

The partnership between Green GSM and PNB also includes the implementation of digital account management and payment systems for the network of drivers for the ride-hailing company, in an effort to better match the growth of the driver pool alongside their fleet expansion plans. We hope the sustained growth initiatives also mean a more organized structure internally, especially with training and standardization. 

The growth of the electrified ride-hailing company was also met with an equal growth of viral complaints and issues, ranging from road rage involvement of their drivers to traffic violations, where one instance was famously handled by Land Transportation Office (LTO) Assistant Secretary Markus V. Lacanilao himself.

It is noted that while expansion plans of Green GSM are ongoing, the Land Transportation Franchising and Regulatory Board (LTFRB) has stated that Green GSM’s franchise application is still under review, and is currently only under provisional authority.

However tricky the company’s situation may currently be, additional mobility options for Filipinos are always welcome, especially if sustainability and electrification are in that picture. We look forward to the kinks being ironed out, especially the alleged safety issues amongst their drivers.

^{Photo from GreenGSM}