GrabPay set to launch in Philippines
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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.
Questions & Answers
Q.What is the primary purpose of GrabPay's launch in the Philippines?
What is the primary purpose of GrabPay's launch in the Philippines?
Grab plans to launch GrabPay as a digital payment application for retail purchases. It is also holding discussions with the central bank to acquire an e-licence for its operations.
Q.What existing payment services does Grab currently offer?
What existing payment services does Grab currently offer?
The company currently offers mobile payment services through its top-up feature, GrabPay Credits, and its rewards system, GrabRewards. These are part of its broader payment offerings.
Q.When did Grab launch its store and restaurant payment feature in Singapore?
When did Grab launch its store and restaurant payment feature in Singapore?
Grab launched its store and restaurant payment feature in Singapore last month. This followed the rollout of its peer-to-peer fund-transfer services in August.
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