LTFRB Executive Director Samuel Jardin awards a certificate of accreditation as a transportation network company to Phillip Escudero, President of Aztech Solution International Corporation, on Friday. (Photo courtesy of LTFRB)

MANILA -- The Land Transportation Franchising and Regulatory Board (LTFRB) on Friday accredited two new transportation network companies (TNCs).

These companies are Aztech Solution International Corporation, which has an app called Snappy Cab; and RYD Global Inc. with its app RYD Global.

“With two new TNCs, there will be more choices for commuters,” the LTFRB said in a statement.

Aztech Solution said it targets to provide 1,000 transportation network vehicle services (TNVS) units within the first 30 days of activation of its mobile app.

“We still have to activate our app now that we got the accreditation. Right now, it is not yet available in the app store. Our target initially for the first 30 days is 1,000 units,” Phillip Escudero, president of Aztech Solution, said during a press conference.

To date, the LTFRB has accredited eight TNCs: Ipara Technologies and Solutions Inc., Hirna Mobility Solutions Inc., MICAB Systems Corporation, E-Pick Me Up Inc., Go Lag Inc., Aztech Solution International Corp., RYD Global Inc., and Hype Transport Systems.

The Board is considering to increase the current supply base for TNVS units in Metro Manila set at 65,000 to accommodate the entry of new TNCs. (PNA)