Mobike scraps S$49 deposit policy for Singapore users, following oBike's sudden exit

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SINGAPORE (June 29): Mobike is renouncing its one-time deposit of S$49 for its existing and new users in Singapore, specifically those who register or have registered for a Mobike account using phone numbers with the prefix +65.

To get a deposit refund, users may log into the Mobike mobile app and select the “Refund” button located on the lower page of “My Wallet”.

The actual credit of S$49 will be transferred into the user’s account within 10 working days.

In a press statement Friday, the Chinese bike sharing platform reassures existing Mobike riders that upon request for the refund, they can continue to enjoy the same services without any disruption to the...(click on link for full story on