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 26-Jun-18, Ecommerce Daily News 

The Grab ride-hailing app has added Malaysia as the second market outside of its Singapore headquarters where customers may use the app for other purposes, such as making payments at merchants, earning rewards and transferring funds to other Grab users.

Grabs evolution beyond ride hailing reaches Malaysia (c) Ecommerce Daily News

Image: Ecommerce Daily News

The mobile wallet, called GrabPay Credits, operates at 500 merchant locations in eight Malaysian cities, enabling users to send funds to other Grab app users via a QR code or a mobile phone number, targeting a population currently conducting 80% of transactions in cash.

Malaysian consumers may use GrabPay Credits to pay for GrabFood, rides and any participating merchants, by tapping the GrabPay icon.

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 Financial Services insights 

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