Malaysians Can Now Access Credit Reports via Grab
In an exciting development for financial accessibility, Malaysians can now view their credit reports directly on the Grab platform, following a strategic partnership with Credit Bureau Malaysia (CBM). This integration requires no additional downloads, simplifying the process for users.
Introducing MyScore Report
The partnership enables users to access CBM’s MyScore report, a personalized credit scoring tool tailored for both individuals and businesses. This tool serves as an essential resource for assessing one’s credit profile, promoting informed financial decisions.
Supporting Financial Literacy and Inclusion
This initiative is a part of Malaysia’s broader commitment to enhancing financial literacy and inclusion, as outlined in the Malaysian National Financial Literacy Strategy 2026 to 2030. By providing greater access to credit information, the program aims to empower various demographic groups, including gig workers, micro-entrepreneurs, and younger employees, who may have limited visibility into their credit health.
Empowerment Through Accessibility
Evan Cheah, Sunway Group Vice Chairman and Chairman of CBM, stated, “The collaboration between CBM and Grab will ensure that credit information is easily accessible on an established platform that is trusted by millions of Malaysians. This endeavor marks a significant milestone in CBM’s efforts to empower Malaysian MSMEs and individuals.”
Credit Bureau Malaysia: Pioneering Accessibility
Credit Bureau Malaysia is a joint initiative between Sunway Group and Credit Guarantee Corporation Malaysia Berhad. It is distinguished as the first credit reporting agency with access to Bank Negara Malaysia’s central credit reference information system, providing essential credit data and analysis to individuals, MSMEs, and financial institutions.
Enhancing the Digital Financial Ecosystem
Tan Jiong Jian, Chief Commercial and Delivery Officer at Grab Malaysia, emphasized, “Welcoming Credit Bureau Malaysia as our first Malaysian partner app reflects our commitment to making financial information more accessible. By integrating CBM services within the Grab app—and eliminating the need for multiple downloads—we are reinforcing the digital financial ecosystem for our customers and partners.”
Conclusion
This collaboration between Grab and Credit Bureau Malaysia marks a significant stride toward digitalizing Malaysia’s financial landscape. By ensuring easy access to crucial credit information, it fosters greater financial awareness among consumers, leading to more informed decisions and enhanced financial well-being.