Grab and Samsung Electronics on Feb 1 announced that they have signed a multi-year memorandum of understanding (MOU) to drive digital inclusion in Southeast Asia.
The two companies will work together on initiatives that will bring the benefits of technology, such as enhanced customer experiences and improved income opportunities, to consumers and Grab driver-partners across the region.
As part of the wide-ranging strategic collaboration, Grab and Samsung will develop customised solutions for the ride-hailing industry, including micro-financing schemes for Grab’s over 2.3 million driver-partners, improved customer booking and in-car experiences, and new mobility solutions.
They will also work together to expand into Southeast Asia’s fragmented mobile payments ecosystem and provide a mobile payments solution that will serve the needs of Southeast Asian consumers.
Anthony Tan, CEO and co-founder of Grab says, “Southeast Asia is home to the world’s fastest-growing emerging markets, yet many in the smaller towns and cities do not have easy access to the growing digital economy. Mobile technology can bridge the infrastructural divide and make economic growth more inclusive.”
Sangchul Lee, president and CEO of Samsung Electronics, Southeast Asia & Oceania says, “We believe in the Internet of Things; the various benefits a more digitally connected world brings, and we are excited to be partnering Grab to provide consumers within the region an enhanced array of digital solutions for their everyday needs. Through this collaboration, we hope to explore how we can work together to tap into the massive growth opportunity of Southeast Asia’s digital economy.”
Source : The Edge Singapore