CCP, Yango meet to explore ride-hailing, delivery services

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MG News | February 25, 2025 at 07:20 PM GMT+05:00

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February 25, 2025 (MLN): To explore Yango’s ride-hailing, delivery, and other digital platform services in Pakistan, the Competition Commission of Pakistan (CCP) engaged in discussions with the visiting Yango International team during a meeting held at CCP in Islamabad.

The meeting, chaired by Mr. Salman Amin (Member, Office of International Affairs), was attended by Mr. Mikhail Voronin (Head of Antitrust and Platform Regulation), Mr. Andrey Zakataev (Head of International Antitrust Practice) from Yango International, along with Director, Nutshell Communications.

During the session, Yango’s global operations were presented, highlighting its presence in 37 countries and a user base exceeding 150 million.

The presentation also outlined Yango’s three-tiered ride-hailing model, ensuring seamless mobility solutions for customers.

Mr. Salman Amin welcomed the entry of international players like Yango into Pakistan’s market.

He emphasized that as digital platforms expand globally, consumer protection and transparency in digital marketing practices have become crucial for both regulators and market players.

He reaffirmed CCP’s commitment to fostering a competitive, open, and fair marketplace, recognizing that Yango’s entry could enhance fair competition in the market, benefiting both consumers and the economy.

He further stated that new market entrants could provide more consumer choices, accelerate digital transformation, attract foreign investment, and bring additional expertise, products, and services to Pakistan.

The discussion also explored the potential of Yango Bazaar and Yango Delivery in contributing to Pakistan’s digital commerce landscape.

The participants noted that these services have significant growth potential given Pakistan’s large customer base, according to the press release issued today.

Yango assured its commitment to fair business practices and pledged to implement necessary safeguards to comply with regulatory standards and prevent any deceptive claims on its digital platforms.

The company also acknowledged CCP’s facilitative role in fostering fair competition and addressing potential entry barriers in relevant markets.

CCP reaffirmed its dedication to promoting competition by preventing anti-competitive practices, ensuring a level playing field, and advocating for a pro-competitive environment.

The ongoing improvement in Pakistan’s competition index is expected to attract more international and local players like Yango, fostering investment and contributing to the country’s overall economic growth trajectory.

Copyright Mettis Link News

 

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