oBike announces strategic partnership with Grab

oBike announces strategic partnership with Grab

Singapore, 22 January 2018 – 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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About oBike

oBike is Southeast
Asia’s largest bike-sharing company, which uses technology to change how
transportation is viewed in Asia. It aims to bring convenience to its users –
especially during one-way first- and last-mile commuting – via bicycles located
all over the cities they operate in.

oBike first
launched in Singapore as the country’s first station-less smart bike-sharing
operator, and has since expanded to over 70 cities in 20 countries worldwide in
under a year. The company has made cycling a convenient, fun and
environmentally-friendly commute option to more than 2 million users across
Southeast Asia alone.

For more details,
please visit https://o.bike/. The oBike App
is currently available on the App Store and Google Play.