(This September 27 story has been refiled to correct first name of Pathao CEO to Hussain, no other changes to text.)
By Rafiqur Rahman
DHAKA (Reuters) – Ride-sharing motorbike services are surging in popularity in the Bangladeshi capital of Dhaka, where nightmare traffic often means that walking is faster than traveling by car or bus.
Congestion in Dhaka, one of the world’s most crowded cities with a population of 20 million, eats up 3.2 million working hours per day, according to a 2017 World Bank study. Average traffic speeds have dropped to 7km per hour from 21km/h over the last decade, only slightly faster than the average walking speed.
The debut of app-based ride-sharing services in May 2015 has helped to alleviate this problem. These days, service providers like Uber Technologies Inc (UBER.N), Pathao, Shohoz and OBHAI transport hundreds of thousands of people everyday on motorcycles, navigating narrow alleys and congested traffic lanes.
“Sharing a bike ride saves me a…
Source news reuters.com, click here to read the full news.
