Ride hailing firm Grab commits $100 million to expand in Myanmar

SINGAPORE – Ride-hailing firm Grab, the main Southeast Asian rival of Uber Technologies Inc, said it would commit $100 million over the next three years to deepen its presence in Myanmar, grow to more cities and roll out its other services.

Grab said it wanted to launch its payments platform, GrabPay, and build a local team of up to 200.

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