GrabPay: Mobile Payment System Calibrated for Southeast Asia
“A cashless payment system is critical to our mission of ‘driving Southeast Asia forward,’ improving quality of life and supporting a stress-free, cashless society,” Grab co-founder Tan Hooi Ling said in a statement sent to the Jakarta Globe on Tuesday (30/11).
Most transactions in Southeast Asia are still done in cash, which is why Grab wants to offer greater access to a cashless, digital payment system.
Launched first in Singapore and Indonesia, GrabPay will also be available in the coming weeks in other Southeast Asian countries.
“GrabPay Credits is safer and more convenient. It’s the perfect digital payment system for both our driver-partners and their customers,” Grab Indonesia managing director Ridzki Kramadibrata said.
In January, the company launched a mobile payment system which only allowed users to pay for a trip using a credit or debit card.
Grab has also partnered with Bank Mandiri, Indonesia’s largest lender by assets, on a mobile wallet service, and with the Lippo Group on an e-money payment system which allows users to use GrabPay at the group’s department stores, cinemas, restaurants, hypermarkets, cafes and online shops.
The Jakarta Globe and Grab are affiliated with the Lippo Group.