Grab Company (Grab) and MOCA Technology and Service Joint Stock Company (Moca), a digital payments service in Vietnam, have partnered to promote cashless payment on Grab platform and in Vietnam.
Moca and Grab will use each other’s technology expertise and partner networks to roll out payments services to Vietnamese consumers and small & medium-sized enterprises (SMEs) beginning Q4 this year.
The partnership will see Moca-enabled merchants benefit from Grab’s large customer base, comprising both driver-partners and consumers across Vietnam. Grab’s customers will soon be able to use the full suite of payments services developed by Moca, which include bill payments, airtime top-up as well as paying at retail stores including chains such as McDonalds and 7-Eleven.
“This strategic collaboration with Moca marks an important milestone for Grab in Vietnam as we seek to accelerate our growth in one of the fastest growing economies in Southeast Asia,” Grab Financial Group Vietnam head Nguyen Tuan An said.
“We’re excited to partner with Moca to promote the mobile payments platform that matters to the people in Vietnam - one that enables you to pay for any service anywhere, whether it’s transport, food or bills.”