Grab, Wing Money partner for cashless payments in Cambodia

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Abc123
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Grab, Wing Money partner for cashless payments in Cambodia

Post by Abc123 » Sat Dec 30, 2017 2:47 pm

Grab, Wing Money partner for cashless payments in Cambodia.

Ride-hailing app Grab and Wing Money have signed an agreement to integrate cashless payments for Cambodia users.

In addition, Grab has introduced a payment feature called GrabPay in the country so that customers can use the app to make cashless payments for their rides.

Earlier in December 2017, Grab announced that it received approval for an e-money license to provide mobile payment services in Malaysia.

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Re: Grab, Wing Money partner for cashless payments in Cambodia

Post by CEOCambodiaNews » Wed Nov 28, 2018 8:03 am

GrabPay sets sights on Cambodia and Myanmar
Singapore-based app provider intends to grow along with ASEAN economies
November 27, 2018 14:07 JST
SINGAPORE -- Southeast Asia's largest ride-hailing group plans to take its mobile payments service into Cambodia and Myanmar as it expands its range of businesses throughout ASEAN countries, according to a senior executive.

Reuben Lai, senior managing director of the Singapore-based company's financial arm, identified the two countries as next on the list. Grab's ride-hailing app is already available in these markets, as well as six other ASEAN countries.

The 6-year-old startup, which does not intend to expand outside of the Association of Southeast Asian Nations, expects to grow its payments service by tapping the potential of the bloc's combined population of 650 million, a large portion of which is unbanked.

The payments business is becoming central to the company's digital consumer services. Through its merger with the Southeast Asian arm of Uber Technologies earlier this year, Grab also expanded its food delivery service.

Grab's decision to focus on ASEAN countries for digital payments comes as the competition in digital payments across Asia heats up. Line, the chat app, this year began aggressively pushing its payments services. U.S. tech giant Amazon this fall chose Japan to roll out a digital payments service. In Indonesia, Go-Jek, Grab's main Southeast Asian rival, also considers e-payments essential for corralling users within its digital ecosystems. In India, Paytm this summer received an estimated $346 million investment from Warren Buffett's Berkshire Hathaway. The service has roughly 350 million users.
https://asia.nikkei.com/Business/Compan ... nd-Myanmar
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