Dow Jones Newswires: Grab expands partnership with McDonald’s Singapore
Grab Holdings Inc. is expanding its partnership with McDonald’s Singapore to cover payment, logistics and advertising in addition to food delivery, the latest move by the Southeast Asian tech giant to explore growth opportunities beyond its more mature delivery and ride-hailing businesses.
Under the new partnership, consumers can pay with Grab’s digital wallet at McDonald’s
Singapore stores, as well as the restaurant chain’s app and website. Grab will also provide logistics services to McDonald’s in-house food deliveries, and the two plan to collaborate in advertising and marketing campaigns as well, they said in a joint statement on Monday.
The latest cooperation extends the two companies’ collaboration in food delivery since 2018.
Grab, a Singapore-based super app operator, is set to go public on Nasdaq by merging with a special-purpose acquisition company. The deal, expected to be completed by the year-end, has valued Grab at nearly $40 billion, making it by far the biggest involving a blank-check company.