Singapore tech giant Grab has launched initiatives to support its partners in Myanmar amid the “uncertainty over the on-ground situation” in the country.
Photo credit: Grab
The firm said it will not be collecting any commission from its drivers and restaurant partners from February 16 to February 28. Grab also said that during this period, it will top up an additional 50% in earnings for every delivery that GrabFood bikers complete.
The development comes against the backdrop of several protests in Myanmar opposing the coup staged by the country’s armed forces, which have declared a year-long state of emergency.
“Many of our driver and delivery-partners could not earn an income,” Grab wrote in a note. “We remain committed to supporting Myanmar in creating income opportunities for our partners, and ensuring our platform provides safe, convenient, and reliable services.”
A spokesperson for Grab told Tech in Asia that the company is unable to share further information on the initiatives at this time.
Grab launched its services in the country in 2017 and introduced GrabTaxi, GrabFood, and GrabMart, among other services.
Earlier this month, the firm closed its first senior secured term loan facility, which is structured as a five-year term loan B, with a principal amount of US$2 billion. It’s also reportedly planning for a potential US initial public offering that could raise at least US$2 billion.
Editing by Miguel Cordon and September Grace Mahino
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