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The Financial Express

Grab to partner with Maybank for mobile wallet in Malaysia

| Updated: May 23, 2018 17:09:06


People wait for the start of Grab's fifth anniversary news conference in Singapore on June 6, 2017. Reuters/Files People wait for the start of Grab's fifth anniversary news conference in Singapore on June 6, 2017. Reuters/Files

Ride-hailing firm Grab will partner with Malayan Banking Bhd, Malaysia’s biggest bank, to drive the usage and adoption of its GrabPay mobile wallet, the companies said in a statement on Monday.

Grab, which received its e-money licence from Bank Negara Malaysia in 2017, is set to launch GrabPay mobile wallet in beta in the coming weeks in Malaysia, it said, Reuters reported.

While GrabPay is available in various applications in other countries, Malaysia would become the second market where the wallet can be used to make purchases in restaurants and shops.

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