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Yoma Strategic partners Grab to upgrade taxis in Myanmar

Samantha Chiew Published on Mon, Mar 12, 2018 / 7:13 AM GMT+8

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SINGAPORE (Mar 12): Yoma Strategic Holdings along with ride hailing platform Grab have inked an agreement to focus on upgrading the fleet of taxis in Myanmar, together with the provision of vehicle financing for Grab’s driver-partners.

This partnership is an extension of Grab’s vision, as about 70,000 taxis in Yangon require upgrading, as well as better and regular maintenance. It will support Grab’s taxi business, allowing its driver-partners to use better quality vehicles in the near future.

Melvyn Pun, CEO of Yoma Strategic says, “This partnership will complement Yoma Fleet to provide vehicle rentals to Grab’s driver-partners, helping to improve the quality of the vehicles, driver service and safety standards for taxis in Yangon.”