Grab Malaysia upgrade GrabBenefits programme for over 120,000 partners

MALAYSIAN homegrown technology enabler Grab Malaysia has unveiled its refreshed GrabBenefits programme to include initiatives to upskill and improve the financial resilience of more than 120,000 driver- and delivery-partners.

GrabBenefits is a first-of-its-kind benefits programme for Malaysia’s gig economy aimed at safeguarding the livelihood and welfare of Grab’s driver- and delivery-partners. It was introduced in 2017 to help reduce the operational costs of Grab’s driver-partners.

GrabBenefits redemption for Grab drivers and delivery-partners.

The new programme now includes financial literacy classes and additional insurance products to help their partners make more informed choices and decisions to safeguard their livelihood during this challenging economic period.

As Malaysia continues to drive the digital economy agenda, the holistic GrabBenefits programme is focused on helping Grab partners save and grow through the platform.

The growth of digital platforms and technology in recent years has provided alternatives for Malaysians to earn or supplement their income in a flexible manner that supports the growing digital economy.

“For the hundreds of thousands of partners who earn their livelihood through Grab, our commitment is to empower them and continuously work hard to improve their welfare while preserving their freedom and flexibility to work when and how much they want, ” said Grab Malaysia managing director Sean Goh.

‘They work hard every day to provide for themselves and their families, so it’s on us to keep pushing the boundaries,’ said Goh.

“We hope to offer them more opportunities to earn with us, to support them with benefits tailored to their needs of the moment, and to ensure they have an enjoyable everyday experience with Grab.

“The refreshed GrabBenefits is another step forward in that direction and a part of our continued investment in setting that standard and delivering the best benefits that matter for our partners, ” he said.

Over the years, Grab has continuously grown and evolved the programme to address a wider variety of needs and concerns from their driver- and delivery-partners.

For instance, they give them better peace of mind through insurance coverage. The programme now consists of three categories: protect on-the-road savings; prepare for better quality of living; and empower financial resilience.

Designed with partners’ feedback, the refreshed GrabBenefits programme will focus on empowering financial resilience by providing upskilling courses on GrabAcademy and financing programmes.

These include:

Financial literacy modules by Standard Chartered whereby partners can easily access the training courses through the Grab Partners app/online. The partnership targets to equip Grab partners with the financial skills and knowledge that allow them to make informed decisions of their financial resources.

Driver PayLater programme aimed at partners who meet the requisite criteria to provide financial assistance for their monthly bills and necessities.

GrabFinance education articles and tips to equip Grab partners with the appropriate knowledge on how best to manage their finances and develop healthy saving habits for their future.

Standard Chartered Bank Malaysia managing director and chief executive officer Abrar A. Anwar who concurred with Grab’s efforts in empowering financial resiliency, shared: “We applaud Grab’s commitment in making financial literacy accessible to all their drivers and delivery- partners.

“We are excited to be part of this programme to help Grab partners build on their financial knowledge for the future.

“It is crucial that they are equipped with knowledge that will help them thrive in the growing digital economy. With stronger financial capabilities, they can use financial products and services to make the most of their resources day-to-day and over the course of their lives, ” he said.

‘While they have contributed tremendously by fulfilling the everyday needs of Malaysians, we now want to encourage them to take charge and be in the driver’s seat of their own financial goals,’ said Abrar.

According to the Financial Inclusion 2020 Progress Report, uptake of financial products depends in part on the ability of consumers to understand how to use the products and take advantage of their benefits.

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