Grab & Maybank team up to drive adoption of mobile wallets in Malaysia
Date: 2018-05-23   Author: Dhananjay Punekar  Category: #news

Grab, the globally renowned Singapore headquartered ride-hailing firm, is reportedly planning to collaborate with Malayan Banking Bhd, the biggest bank in Malaysia. The partnership is targeted toward encouraging the application & acceptance of Grab’s well-known GrabPay mobile wallet.

The Singapore based firm, which got its license for e-money from Bank Negara Malaysia last year, is predicted to introduce the beta version of its mobile wallet over the next few weeks in Malaysia. Sources claim that through this strategic collaboration and Maybank’s support, Grab’s customers in the country can now use GrabPay at mobile solutions such as GrabPay merchants. Grab’s users are also offered the facility to use the mobile wallet at the main merchants of Maybank.

The key officials of both the firms have claimed that they will bring more merchants into the mobile payments networking system, where merchants can be benefitted through new marketing opportunities from the GrabRewards platform and be able to track the deals via GrabPay. Abdul Farid Alias, the CEO of Maybank Group, has further reiterated that the partnership with Grab was a part of Maybank’s current efforts to offer its end-users with more online conveniences.

Experts view the deal to benefit the customers of both – Grab as well as Maybank in Malaysia. A key official of Maybank has announced that through the partnership, customers will now enjoy a unified experience while making monetary transactions through GrabPay Wallet. The deal is also likely to provide remarkable advantages to both the firms through substantial savings in the long-run.

Though the GrabPay mobile wallet is available in various other applications across different nations, Malaysia is expected to be the second regional market where the mobile wallet can be used by the customers of both the firms to make purchases across shops & restaurants. Reportedly, since August last year, Grab has already extended its service beyond transportation and is focusing on expanding its business across hotels & hawker stalls from November 2017.



About Author


Dhananjay Punekar

Dhananjay Punekar

Dhananjay currently works as a content writer at AlgosOnline. A post graduate in mathematics as well as business administration, he worked as a process executive in Infosys BPO Limited before switching his professional genre. Following his childhood passion, he opted fo...

Read More

More from Dhananjay


Post Recommendents

Walmart and JD.com provide $500m funding to Chinese logistics company
Author: Pankaj Singh

Dada-JD Daojia, a Chinese online grocery delivery service has reportedly raised USD 500 million in a recent funding round led by U.S. retail giant Walmart and Chinese e-commerce company JD.com. Sources inform that the ...


3D Systems & GF Machining team up to develop factory of the future
Author: Saif Ali Bepari

South Carolina based 3D Systems has reportedly announced a partnership with GF Machining Solutions with the aim of redefining how manufacturers think about their manufacturing setup. Sources cite that the new manufactu...


ITV invests USD 1 billion with Hollywood giants to launch NewT
Author: Ojaswita Kutepatil

ITV, a commercial television channel of the United Kingdom has reportedly collaborated with major Hollywood studios including 21st Century Fox, Disney, and others. Two huge Wall Street banks and the billionaire Walton ...