Business

Grab expands partnership with McDonald’s Singapore

Grab Holdings Inc. is expanding its partnership with McDonald’s Singapore to include payments, logistics and advertising in addition to food delivery, the Southeast Asian tech giant’s latest move to explore growth opportunities beyond its more mature delivery and ride-hailing businesses.

Under the new partnership, consumers can pay with Grab’s e-wallet at McDonald’s
MCD,
-0.60%

Stores in Singapore, as well as the chain’s app and website. Grab will also provide logistics for McDonald’s home food delivery, and the two plan to collaborate on advertising and marketing campaigns, they said in a joint statement on Monday.

The latest partnership expands the two companies’ partnership in the food delivery space since 2018.

Grab, a Singapore-based super app operator, is preparing to list on Nasdaq by merging with a special purpose acquisition company. The deal, expected to close by the end of the year, has valued Grab at nearly $40 billion, making it the largest deal involving a blank-checking company to date.

https://www.marketwatch.com/story/grab-expands-partnership-with-mcdonald-s-singapore-271637553605?rss=1&siteid=rss Grab expands partnership with McDonald’s Singapore

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