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Booking Holdings, Grab Enter Strategic Partnership - Quick Facts

(RTTNews) - Booking Holdings (BKNG) and Grab Holdings Inc., an on-demand transportation and mobile services platform in Southeast Asia, announced they have entered into a strategic partnership. Under the partnership, Booking Holdings' brands will have the ability to offer on-demand transport services through their apps, powered by Grab, and Grab customers will be able to book accommodations across the globe powered by Booking.com and agoda. Booking Holdings has invested $200 million in Grab.

The partnership between Booking Holdings and Grab allows Grab users to book travel-related services through the app for the first time, and pay seamlessly using the digital wallet, GrabPay.
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