Grab Malaysia has signed a Memorandum of Understanding (MoU) with the Malaysia Digital Economy Corporation (MDEC) to drive the digitalisation of micro, small, and medium enterprises (MSMEs) across the country. This collaboration aligns with MDEC’s Business Digitalisation Initiative, which seeks to foster inclusive economic growth through increased technology adoption.
As part of its commitment to empowering MSMEs, Grab Malaysia aims to provide businesses with digital tools that enhance their reach and operational efficiency. In 2023 alone, over 500,000 newly registered MSMEs across Southeast Asia gained consumer access through Grab’s platform, demonstrating the potential of digital integration in expanding market opportunities.
In Malaysia, Grab’s merchant-partners significantly contributed to the nation’s economy, generating RM4.2 billion in GDP last year, according to a study by EconWorks. The company’s GrabMerchant app offers business owners valuable insights into customer behavior and operational performance, enabling data-driven decision-making and improved customer engagement.
Adelene Foo, Managing Director of Grab Malaysia, emphasized the company’s commitment to supporting local businesses:
“At Grab, we are dedicated to equipping MSMEs with the right tools, insights, and financial solutions to ensure sustainable growth. Our collaboration with MDEC strengthens these efforts, allowing us to reach and support even more businesses across Malaysia as they transition into the digital economy.”
This partnership underscores Grab’s broader mission to foster economic resilience among small businesses. By working closely with MDEC and other strategic partners, Grab Malaysia aims to accelerate digital adoption, ensuring that more MSMEs can leverage technology to scale and thrive in an increasingly digital landscape.
