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Uber rival Grab debuts in Cambodia

Southeast Asian ride-hailing firm GrabTaxi Holdings Pte. Ltd. is stepping up competition with Uber Technologies Inc. with the launch of its services in Cambodia.

The launch at the capital city of Phnom Penh came as Grab sealed a deal with the Cambodian Ministry of Public Works and Transport to support infrastructure development programs. Under the deal, Grab will rely on its technology and data to help improve road safety and traffic management across Cambodia.

Grab also said its drivers in Cambodia would be able to earn 32% more than the national worker average on a per-hour basis. Such drivers will get free personal accident insurance and an account with mobile banking services provider Wing Money for cashless transactions.

Cambodia is Grab's eighth market after Singapore, Indonesia, the Philippines, Malaysia, Thailand, Vietnam and Myanmar. The company in October secured $700 million in debt facilities from global and regional banks for its expansion across Southeast Asia.