Why can I pay a security deposit only by credit card or Apple Pay?

Legal compliance and fraud prevention are imperative to Ryde's business. To prevent any risk of financial fraud or criminal behaviours, we ask drivers to pay a deposit by their credit card or Apple Pay. Furthermore, payment by credit card or Apple Pay enables both drivers and Ryde to have more efficient and safer transactions than a bank transfer as each transaction needs to be verified by a credit card company. Card verification enables Ryde to detect fraudulent behaviours and ensures that your credit card number provided is associated with a valid open account and charged successfully.