As part of the agreement, the two companies will leverage each other’s technology to roll out payments services to millions of Vietnamese consumers and small and medium-sized enterprises (SMEs).
Moca-enabled merchants will be able to benefit from Grab’s large customer base, comprising both driver-partners and consumers across Vietnam. Grab’s customers will soon be able to use the full suite of payments services developed by Moca, which include bill payments, airtime top-up as well as paying at retail stores including chains such as McDonalds and 7-Eleven.
Earlier in June 2018, Grab reached an agreement with Toyota under which Toyota would invest USD 1 billion in Grab, as a lead investor in the company’s ongoing financing round.
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