By Alexandria Dennise San Juan
Taxi-hailing app Micab will now start its operation after the Land Transportation Franchising and Regulatory Board (LTFRB) today approved its accreditation as a transport network company, the fifth to be accredited this month.
Lawyer Aileen Lizada, a member of the LTFRB showed reporters today a copy of the certificate of accreditation given to Micab Systems Corporation to legally operate as a TNC.
In the certificate signed today, Micab’s accreditation as a TNC is valid for two years.
On its website, it said Micab was founded in 2012 with headquarter in Cebu City and will be serving users in Cebu, Davao, Iloilo and Metro Manila.
Kris Montebon, Micab head of operations, said they already began the deployment and training of taxi drivers in Metro Manila and will start the operations as soon as they get the accreditation papers.
“Once we get our accreditation, we need only to ‘turn on’ the booking feature of the app for the passengers to be able to use it,” Montebon said in a text message.
The LTFRB earlier ordered Micab to cease its operations after the board found out that its app was already operating before being accredited.
Micab will join other players namely Hype Transport Systems Inc., Hirna Mobility Solutions Inc., and GoLag Inc., iPARA Technologies, and Solutions Inc. or Owto, which were earlier given the go signal by the transport regulatory body, to legally operate as TNCs.
The board’s approval of the new TNCs came days after ride-sharing giant Uber exited the country following rival Grab’s acquisition of its Southeast Asia operations.
The deal created a fear of monopoly in the ride-sharing industry which the board shrugged off with the entry of new TNC players.