Grab to invest US$100m in Myanmar

Singapore

GRAB, South-east Asia's biggest ride-hailing app, plans to invest US$100 million in Myanmar as it extends its battle with Uber Technologies to capture exploding use of smartphones.

Grab will invest the money over the next three years and work with local governments to expand ride-hailing to more cities and roll out services such as its in-app digital payment feature GrabPay, president Ming Maa said.