GrabPay set to launch in Philippines

Singapore-based taxi-booking company Grab plans to launch its digital payments platform GrabPay in the Philippines within the next six months.

It is holding discussions with the central bank about acquiring an e-licence.

Grab Philippines public affairs manager Leo Emmanuel Gonzales said it plans to roll out GrabPay as a digital payment app for retail purchases. The company currently offers mobile payment services via its top-up service GrabPay Credits and its rewards system GrabRewards.

It launched GrabPay’s store and restaurant payments feature in Singapore last month after rolling out peer-to-peer fund-transfer services in August.

Grab claims 63 million users across Southeast Asia.