The technology company of Grab transport service provider officially operates in Phnom Penh, Cambodia. This is Grab's effort to sharpen its existence in the midst of increasingly fierce competition in Southeast Asia.
Quoting Tech in Asia, Tuesday (12/19/2017), citizens of the capital city of Cambodia is now able to easily travel with JustGrab, a service with a standard tariff. Starting today, the Grab app is now available for download on Android and iOS in Cambodia.
Grab also partnered with Wing Money to present a financial services account for its driver partners in Cambodia. This collaboration is similar to what Grab does with Wave Money in Myanmar, which helps driver partners manage their earnings using electronic wallets.
Competition between three technology service providers in Southeast Asia transport services is increasingly tight. Google and Temasek said the industry valuation reached 5.1 billion US dollars and will increase fourfold in eight years.
Uber, which operates in Cambodia since September 2017, is behind its competitors, Grab and Go-Jek.
Recently, Uber signed a partnership with Singapore taxi company ComfortDelGro worth 474 million US dollars.
Go-Jek has just acquired a number of pioneering financial technology companies. The goal is to expand the services in the field of finance and e-commerce.
Go-Jek Technology Director Ajay Gore said Go-Jek will operate in the Philippines in 2018. This is Go-Jek's first expansion outside of Indonesia.
In his official statement, Grab also said it had signed a memorandum of understanding with the Ministry of Public Works and Transport Cambodia. This cooperation is intended to support infrastructure development in the country.
"We greatly appreciate Grab who is a leading company in Southeast Asia in ensuring that transportation is accessible to everyone and bringing Southeast Asia to the digital economy," Cambodian Minister of Public Works and Transport Sun Chanthol said.
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