UOB, Grab enter alliance for digital services in ASEAN countries

Monday 12 November 2018 13:37 CET | News

United Overseas Bank (UOB) and Grab have entered into a strategic alliance regarding the use of digital services amongst ASEAN’s growing base of digital consumers.

The alliance aims to provide a fully digital payments experience for customers. It will enable UOB to deliver financial services to Grab’s ASEAN-wide user base and to streamline the bank’s efforts to meet the needs of the region’s fast-growing mobile-first and mobile-only consumers. It will also support Grab in offering – directly from its mobile app – a number of payment solutions to customers.

Moreover, under the alliance, UOB will become Grab’s preferred banking partner in Singapore. UOB will also be a strategic credit card partner for Grab in Singapore, Indonesia, Malaysia, Thailand, and Vietnam. Both companies will also explore launching co-branded credit cards in ASEAN.

Earlier in 2018, Grab and Kasikornbank have announced a strategic partnership to introduce GrabPay by KBank, a co-branded mobile wallet, in Thailand.

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Keywords: UOB, United Overseas Bank Limited, Grab, alliance, ASEAN, digital services, digital payments, mobile app, mobile payments
Countries: World

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