JAKARTA (TheInsiderStories) – Southeast Asia’s largest ride-hailing operator on Grab on Friday (06/04) unveiled its future plans in Indonesia after acquiring South-east Asia business of its rival Uber.
Grab announced last week that it had acquired the South-east Asia business of its rival Uber, including in Indonesia country with the largest middle class population.
Ridzki Kramadibrata Managing Director of Grab Indonesia reveals since March 26, the company has received 75 per cent sign up applications of Uber’s driver after the integration with the San Francisco based company. Currently, there are 2.7 million Grab drivers around South-east Asia.
“The unprecedented growth of our GrabCar and GrabBike businesses is testament of the value we bring to the community. We thank Indonesians for trusting in Grab to offer safe and convenient rides, and will continue to work with local partners and the government to improve public transportation,” he said in press conference on Friday (6/4).
He mentioned as part of Grab 4 Indonesia’s master plan to create millions of income opportunities through the digital economy, Grab announced a further expansion plan not only for its main line of business in transportation, but also GrabFood, GrabExpress, GrabPay and GrabFinancial introductions in Indonesia.
The company has won support for its GrabPay service from third-party merchants in Indonesia last year, from biggest Indonesian conglomerate Lippo Group to enter the payments space Ovo.id, an e-money transfer company aimed to ramp up their position in the market.
As a further step to build its fintech platform, Grab has teamed up with Japan’s Credit Saison to create a joint venture called Grab Financial Services Asia, extending its service offerings to micro-loans and insurance options for Grab drivers and businesses that use its GrabPay services.
“We are open to any partnership, in financial services or non financial services,” he said, adding the company will soon register its GrabPay micro-loans license to Indonesia Financial Services Authority.
Grab serves eight countries in Southeast Asia, but Indonesia seems to be the top priority for its financial services, competing with local ride-hailing company Go-Jek Indonesia who already dominated payment system business with Go-Pay.