KUALA LUMPUR (Oct 2): UEM Sunrise Bhd (UEMS) has inked a memorandum of understanding (MoU) with GPay Network Sdn Bhd, Grabcar Sdn Bhd and MyTeksi Sdn Bhd (Grab Partners) to collaborate on services.

In a filing with Bursa Malaysia today, UEMS said priorities for the services will be given to areas within Mont'Kiara, Dutamas and Iskandar Puteri among other locations to be mutually agreed later.

Grab Partners are affiliated companies of GrabTaxi Holdings Pte Ltd, a technology company that develops and operates the Grab mobile application software.

Under the MoU arrangement, UEMS and Grab Partners intend to cooperate on implementing a non-exclusive cashless payment service promoted by Gpay.

UEMS also plans to collaborate with Grab Partners for services such as transportation solutions, e-wallet payment services with stored value facilities, food delivery services, bicycle and scooter sharing services, and any other related services.

It said the companies also plan to explore other business opportunities.

UEMS said the principal activity of GPay is global e-commerce business.

Meanwhile, the principal activity of GrabCar is advising on problems relating to the administration, management and organisation of the transporting services, chauffeur services and customer services.

UEMS said the collaboration will enable a seamless digital ecosystem that provides convenience to the lifestyle of residents, tenants and customers in the areas.

"Leveraging on the strengths of the parties' database and through exchange of data, the wide range of initiatives will enable online and offline convergence to provide exclusive privileges and rewards to the community, enhance footfall to UEMS' managed properties and allow UEMS to explore new businesses," it said.

At the midday break today, UEMS fell 2.44% or 2 sen to 80 sen with 748,100 shares traded.