Grab Merges with Uber in Southeast Asia
Summary
Grab will extend its leadership as the most cost efficient Southeast Asian platform, as it takes over Ubers operations and assets in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.GrabFood will also be another great use case to drive the continued adoption of GrabPay mobile wallet and support our growing financial services platform."The recently announced GrabCycle marketplace for shared bicycles and personal mobility devices, and GrabShuttle Plus for on-demand bus routes are pilots toward this vision.Grab believes that every Southeast Asian should benefit from the digital economy, and the company provides access to safe and affordable transport, food and package delivery, mobile payments and financial services.More than five billion trips later, weve started tackling an even greater challenge: reducing congestion and pollution in our cities by getting more people into fewer cars.