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Daily Markup #1154: Grab doubles down in Cambodia with acquisition of 1M+ users and ABA Bank partnership for seamless and cashless in-app payments

January 28, 2025 · 1 min read
Photo credit: Grab

Driving Cambodia forward

  • Grab is making big moves in Cambodia!
  • The 500-backed superapp acquired an equity stake in Nham24, Cambodia’s food delivery and e-commerce platform with over 1 million registered users, strengthening Grab’s presence in the market.
  • Combined with Grab’s AI-led tech capabilities, the team expects to tap into Nham24’s scale and local insights to drive innovation and growth for the country’s digital economy.
  • The team also announced a strategic partnership with ABA Bank to integrate their digital payment facilities. Through this collaboration, customers get access to the country’s popular and secure payment methods for convenient cashless transactions.
  • What’s more, by simply linking their ABA accounts within the Grab app, users can seamlessly pay for rides and food deliveries without extra steps.
  • “Grab’s mission has always been to drive Southeast Asia forward,” shared Kang Sovannarot, Cambodia Country Head of Grab. “This partnership is a testament to our commitment to bring more value to our users.”
  • Read the full story here.
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