Grab, the on-demand transportation and fintech platform in southeast Asia, has announced a strategic partnership with Maybank to drive the acceptance and use of Grab’s mobile wallet.
The announcement comes as Grab, which received its e-money license from Bank Negara Malaysia in December, is set to launch its GrabPay mobile wallet beta in the coming weeks, according to a press release.
With the partnership and support of Maybank, Grab consumers will not only be able to use GrabPay mobile wallet at GrabPay merchants, but will also be able to eventually use their mobile wallet at Maybank’s key merchants. Similarly, Maybank customers will also eventually have the option of paying via Maybank QRPay at GrabPay merchants.
The partnership also will give consumers the added convenience of directly topping-up cash to their mobile wallet via Maybank2U, Maybank’s internet banking portal. Maybank customers who use GrabPay as a payment method for rides and other services on Grab will enjoy exclusive benefits and rewards. Grab and Maybank will collaborate to bring more merchants into the mobile payments network, where merchants can benefit from new marketing possibilities through the GrabRewards platform and easy new ways to track transactions through the GrabPay app.