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BRIEF-United Overseas Bank, Grab Announce Strategic Regional Alliance

Reuters

Nov 12 (Reuters) - United Overseas Bank Ltd:

* UOB AND GRAB ANNOUNCE STRATEGIC REGIONAL ALLIANCE

* ALLIANCE WILL ENABLE UOB TO DELIVER FINANCIAL SERVICES TO GRAB'S ASEAN-WIDE USER BASE

* UNDER ALLIANCE, UOB WILL BECOME GRAB'S PREFERRED BANKING PARTNER IN SINGAPORE

* UOB WILL ALSO BE A STRATEGIC CREDIT CARD PARTNER FOR GRAB IN SINGAPORE, INDONESIA, MALAYSIA, THAILAND AND VIETNAM

* UNDER ALLIANCE, BOTH COMPANIES WILL ALSO EXPLORE LAUNCHING CO-BRANDED CREDIT CARDS IN ASEAN

* BANK IS ALSO WORKING WITH GRAB TO EMBED FEATURES OF ITS UPCOMING DIGITAL BANK WITHIN GRAB'S MOBILE APP

* UOB-CO TO ALSO EXPLORE SUPPORT FOR GRAB IN OTHER AREAS INCLUDING FLEET FINANCING, REGIONAL & CENTRALISED TREASURY MANAGEMENT SOLUTIONS, AMONG OTHERS Source text for Eikon: Further company coverage: