Grab Malaysia partners Maybank for mobile wallet launch
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Grab announced a strategic partnership with Maybank to drive the acceptance and usage of Grab’s new cashless payment method, the GrabPay mobile wallet.
The announcement comes as Grab, which received its e-money license from Bank Negara Malaysia in December 2017, is set to launch its GrabPay mobile wallet in beta in the coming weeks.
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 thereby making GrabPay accepted at a wider network of merchants.
Similarly, Maybank customers will also eventually have the option of paying via Maybank QRPay at GrabPay merchants.
Through the partnership, consumers will soon also have the added convenience of directly topping-up cash to their mobile wallet via Maybank2U.
Maybank group president and CEO Datuk Abdul Farid Alias said that the collaboration with Grab is part of Maybank’s ongoing efforts to provide customers with even more digital conveniences that would not only enrich their online experience but also enhance their lifestyles.
Questions & Answers
Q.What is the primary purpose of the partnership between Grab and Maybank?
What is the primary purpose of the partnership between Grab and Maybank?
The partnership aims to drive the acceptance and usage of Grab's new cashless payment method, the GrabPay mobile wallet. It will allow Grab consumers to use their wallet at a wider network of merchants, including Maybank's key merchants.
Q.How will Maybank customers benefit from this collaboration?
How will Maybank customers benefit from this collaboration?
Maybank customers will eventually have the option to pay via Maybank QRPay at GrabPay merchants. They will also soon be able to directly top-up their GrabPay mobile wallet using Maybank2U for added convenience.
Q.When did Grab receive its e-money license for this mobile wallet service?
When did Grab receive its e-money license for this mobile wallet service?
Grab received its e-money license from Bank Negara Malaysia in December 2017. This license allows them to operate their new GrabPay mobile wallet, which is set to launch in beta in the coming weeks.