New: Download the App to get paid sharing knowledge with professionals.

Grab to roll out B2B marketplace with wholesale purchasing and digital tools.

Helping small businesses go digital and cashless.


Alfred Lee 9 Jun, 2020

Grab to roll out B2B marketplace with wholesale purchasing and digital tools.

Grab has announced that the company will soon be rolling out a B2B marketplace for small businesses across the region to sell their goods online.

Dubbed "GrabMerchant", the platform will be a self-serve platform allowing Grab's merchant partners to buy supplies at wholesale rates, set up online stores, as well as receive cashless payments.

The platform will also provide tools for business insights, allowing merchants to keep track of their sales, operations, and more.

The unveiling of this new service is part of a broader mission in supporting small businesses, especially during this challenging economy.

According to a statement, GrabMerchant is expected to roll out later this month in the form of a mobile app, with a desktop (web-based) portal rolling out from July.

Somewhere around 78,000 merchants were onboarded to Grab between March and April, with small businesses seeing a 21% increase in online revenue during nationwide lock-downs.

“Covid-19 has accelerated change. We have seen dependency on online services grow exponentially almost overnight,” mentioned Grab co-founder, Hooi Ling Tan. 

Alfred LeeAuthor

Journalist at BEAMSTART. I write about breaking business news in the region.

Share this Story


More Stories


BEAMSTART News covers the latest stories on Business, Finance, and Opportunities in Asia. We are an extension of global partnerships platform BEAMSTART.

Stay updated with us via our channels below:

 

Download the App

Be part of the global community of CEOs, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

© 2016 - 2020 BEAMSTART. All Rights Reserved.