Saturday 20 Apr 2024
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KUALA LUMPUR (May 21): Malayan Banking Bhd (Maybank) has inked a partnership with ride-hailing company Grab to speed up cashless adoption across Malaysia.

In a joint statement today, the parties said a strategic partnership was formed in order to facilitate 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 licence 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,” the parties said.

Maybank customers will also eventually have the option of paying via Maybank QRPay at GrabPay merchants.

Consumers will soon also have the added convenience of directly topping-up cash to their mobile wallet via Maybank2U, Maybank’s internet banking portal.

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