South East Asian ride-sharing unicorn Grab and discounts deal platform Fave have agreed to the integration of their platforms.
The partnership will see Fave, which was formerly Groupon, onboard merchants for GrabFood and GrabPay in Singapore and Malaysia. It will also expand its platform with Grab mobile wallet, GrabPay and allow its customers to spend their GrabPay balance at restaurants and retailers in its network.
Both companies will also explore additional ways to collaborate and help small and medium sized enterprises grow their business.
“We’ve always believed that in order for the region to go cashless, we would need a collaborative approach and are happy we can now count Fave, one of the fastest growing O2O platform in Southeast Asia as a strategic partner,” said Reuben Lai, senior managing director at Grab Financial.
“As the region’s leading fintech platform, we will increasingly offer integrations through GrabPlatform. This allows more local and global partners to tap into previously untapped consumers and grows the Grab ecosystem as an everyday app.”