oBike, Singapore’s first homegrown station-less smart bike-sharing company, today announced that it has signed a memorandum of understanding (MoU) with Grab.
As part of this partnership, oBike will integrate GrabPay - Grab’s mobile wallet into its mobile app, offering bike-riders an additional secure cashless payment option via the GrabPay wallet. The two tech companies are also working closely together with more joint initiatives in the pipeline to improve the on-demand transport infrastructure in Singapore. These will be revealed in the coming weeks.
Through various co-branded initiatives one of which includes Grab’s branding on oBike bicycles, the two companies aim to promote bike-riding as an alternative first- and last-mile commute across the island-state. This tie-up will make urban cycling more convenient and accessible for commuters, and cements oBike’s commitment to working with other players in Singapore’s on-demand transport ecosystem.
oBike users will not only benefit from greater choice in payment options with Grab’s proprietary payments platform, but will also be able to earn GrabReward points when they pay for their bike rides using GrabPay in the coming months.
“We are excited to enhance the oBike user experience by partnering with Grab - the leading on-demand transportation and mobile payments platform in Southeast Asia. I believe that this partnership, between two market leaders, is a natural extension of our goal to enhance the bike-sharing experience for commuters and strengthen our position as Singapore’s first bike-sharing operator,” said Tim Phang, General Manager, oBike Singapore.
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