Woori, Grab Cambodia partner on driver loans

11 Feb 2019  19 | Business & Trade Fairs

SOUTH KOREA’S Woori Bank has partnered with Southeast Asian ride-hailing giant Grab’s Cambodia office to offer low-interest loans and other specialised financial products to Grab drivers in the country, the bank said on Thursday.

WB Finance, the Cambodian business unit of Woori Bank, signed a memorandum of understanding with Grab Cambodia, to launch a series of financial services specifically designed for Cambodia’s Grab drivers, including low-interest loans.

“Grab Cambodia will provide not only service training and insurance services to our drivers, but also specialised financial services in partnership with Woori Bank’s Cambodia branch,” Grab Cambodia head Ron Wong said in a statement.

Woori Bank plans to seal similar partnerships with global finance technology companies in Vietnam, to expand its global footprint across Southeast Asia, it said.

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