12 December 2017
visit www.avoka.com

Citi teams up with Asian ride-hailing app Grab

08 September 2016  |  6143 views  |  1 citibank

Citi has joined forces with Southeast Asian Uber clone Grab to let customers pay for rides with their credit card points.

The service - which is going live in Singapore and the Philippines, with Indonesia, Malaysia and Thailand to follow - sees riders who charge their Citi credit card on the GrabPay app receive a text message from the bank asking if they would like to redeem the ride for points. If the customer agrees, the redemption is made automatically and reflected in their monthly statement.

The new feature marks the first time that Citi has integrated its credit cards with a transport app. It is also a first for Grab, which claims one in eight of Southeast Asia's smartphone users are already on its platform.

To encourage take-up, the partners have been giving customers who add their Citi credit card to GrabPay a discounted first ride. In return, Grab customers who sign up for any Citi credit card through the partnership get a number of free rides worth up to US$50.

Anand Selva, head, Asia Pacific consumer banking, Citi, says: "By integrating our services into key applications such as Grab we also will drive growth in our cards business via new acquisitions and increased customer loyalty."

Comments: (1)

James Andrew
James Andrew - Ndot - San Jose | 05 October, 2016, 11:53

Grab just stepping into customer market with lots of technology advancements to beat uber. There are lot of Uber clone products available in the market with similar features of Uber application which taxi cmpanies seeking to deploy for thier business. Even the customers are seeking on-demand service for thier all day-to-day needs. Since, Uber became a vital part among the people and now the tradition taxi business also rapidly moving towards app based taxi operations.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Citi to roll out voice recognition tech across Asia

Citi to roll out voice recognition tech across Asia

05 May 2016  |  9159 views  |  0 comments | 8 tweets | 11 linkedin
Uber taps new Visa offers network

Uber taps new Visa offers network

29 January 2016  |  10902 views  |  1 comments | 12 tweets | 21 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit http://info.nice.comvisit www.atos.net

Who is commenting?

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11786 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8710 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7076 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6818 views comments | 20 tweets | 11 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
6752 views comments | 17 tweets | 35 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job