ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Stocks

Stock jumps on taxi app tie-up

SINGAPORE -- Shares of wireless carrier Singapore Telecommunications rebounded Thursday on news of a partnership with GrabTaxi, publisher of a cab-hailing app.

     The stock climbed 1.05% to close at 3.85 Singapore dollars ($2.74).

     SingTel, which also provides other telecom and e-commerce services, signed a memorandum of understanding with GrabTaxi to let users of the app pay for rides with SingTel's mobile wallet service, according to an announcement Wednesday. Investors anticipate growing demand for the service.

     "This partnership will provide a seamless and convenient experience for users, who may prefer not to pay with cash or credit cards," the announcement said. 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends June 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media