Ride-hailing platform Grab and Citi announced its partnership to offer cashless payments to customers. The service simply wants to encourage the convenience of payments without cash across five markets in Asia Pacific.

Here are three interesting facts about Grab offering cashless payments through Citi.

1. CITI credit card holders will be able to pay Grab rides starting in September. This is a first in Asia for Citi.

Grab cashless payments will begin in the Philippines and Singapore and will be rolled out throughout Indonesia, Malaysia and Thailand.

“We have seen that the rapid adoption of mobile and other digital channels has truly transformed how and where people bank and we are delighted to partner with Grab,” Anand Selvakesari, Head of Asia Pacific Consumer Banking for Citi said in a statement on Grab's site.

However, Citi has yet to announce the exact date as to when this service would start.

2. CITI credit card holders who enroll their cards to GrabPay will receive a discounted first ride. Grab customers who also sign up for a Citi credit card will get free rides up to US$50 (P2,344.03).

This will be part of the initial phase involving this partnership of Grab and Citi.

“We are thrilled to partner with Citi to extend its best-in-class loyalty capabilities to make it easier to serve and reward our customers in the region,” Joel Yarbrough, Grab Head of Payments and Commerce Product, said.

Grab has since offered its cashless payments through GrabPay, but it has yet to include Citibank until the recent partnership.

3. CITI credit card holders may also pay for Grab rides using their points.

Citibank credit card holders who charge their Citi credit card on GrabPay will receive an SMS from Citi requesting if they would like to redeem the ride for points. Once the card holder accepts, redemption will be made automatically and reflected in the customer's monthly statement.

What do you think of Grab and Citi Credit Cards' cashless payments for rides? Let us know in the comments section below.