Wirecard Partners Grab for Payments

Mar 13, 2020Updated Mar 12, 20201 min read

The firm will process card transactions made via the GrabPay e-wallet and integrate it as a payment method for its merchants.

Wirecard has entered into a payments partnership with Singapore-based superapp Grab to drive the cashless economy for micro, small and medium enterprises (MSMEs) across Southeast Asia, the Munich-based firm announced in a statement on Wednesday.

Wirecard said that it will process payments made with the GrabPay e-wallet, starting with the Malaysia, Philippines and Singapore markets.

Together, we aim to continue disrupting the payment, tech and mobility industries with innovative solutions that can improve the lives of millions, Georg von Waldenfels, Wirecard executive vice president, Group Business Development, said about the partnership.

Grab operates in eight countries in Southeast Asia, with its app downloaded on over 185 million mobile devices, according to its website.

GrabPay is among the most popular e-wallets in Southeast Asia, currently accepted by 600,000 merchants.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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