Grab gets $50m funding

Grab gets $50m funding

Grab gets $50m funding from Kasikornbank as they unveil GrabPay  a co-branded mobile wallet

  • Grab is a Singapore-based technology company that offers ride-hailing, ride sharing, food delivery service and logistics services
  • Kasikornbank is a major banking group in Thailand conducts commercial banking business, securities business, and other related businesses
  • GrabPay is live in all ASEAN-6 countries
  • GrabPay is the first mobile payments platform to launch e-money-licensed payments services across ASEAN-6
  • Grab customers can pay for transport, transfer funds to friends and family, purchase products and services online, and make QR-code payments
  • KBank and Grab want to jointly offer products to their customer base, such as loans