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Grab expands Indonesia leadership with Managing Director of GrabPay

  • Based in Jakarta, Ongki Kurniawan will help Grab establish a market leading payments and loyalty business  
  • P2P fund transfer technology will soon enable Grab to offer mobile payments with over a thousand merchants in F&B, retail and entertainment
  • New senior appointment latest commitment from Grab to supporting the growing middle economy of Indonesia

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Business

Grab Announces Didi Chuxing and SoftBank As Lead Investors for Current Round of Financing

  • Strategic investment of a combined US$2.0 billion by Didi Chuxing and SoftBank deepens partnership with Grab
  • Grab expects to raise US$2.5 billion in total in current financing round
  • New financing to support Grab’s efforts in strengthening its dominant market position in on-demand transportation and payments in Southeast Asia

Business

Grab Celebrates Fifth Anniversary and Significant User Milestones

  • 3x growth in last year to 45 million downloads, and up to 2.5 million daily rides
  • Has provided higher incomes for nearly 1 million drivers and reduced travel time in half across Southeast Asia since founding
  • Adds GrabNow, New Service to Digitise Street Hailing