Grab

12 news stories.

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What's New in Payments

UOB lets customers use its mobile banking app to link debit and credit cards to third-party apps

By Tom Phillips • • Updated • nfcw.com
Smartphone screens showing how to install UOB Mighty Singapore mobile banking app

Customers of Singapore’s United Overseas Bank (UOB) can now use its UOB Mighty mobile banking app to add their debit and credit card details directly to third-party apps, avoiding the need to separately enter their card details and providing an additional reason for customers to engage with their banking app... More

What's New in Payments

Grab to issue mobile-first numberless Mastercard across SE Asia

By Sarah Clark • • Updated • nfcw.com

Grab launches Asia’s first numberless card — Grab — “The physical version of the card is completely numberless, front and back, thus averting the prospect of theft of personal and financial information… The digital GrabPay Card is available in Singapore starting today… The digital GrabPay Card will be launched in the Philippines in Q1 2020, with other Southeast Asian countries to follow in the first half of next year.”

What's New in Payments

Singapore begins rollout of QR code that works with multiple mobile payment schemes

By Sarah Clark • • Updated • nfcw.com

Singapore introduces world’s first unified payment QR code — SGQR — Monetary Authority of Singapore — “The first of its kind globally, SGQR combines multiple payment QR codes into a single SGQR label, making QR code-based mobile payments simple for both consumers and merchants. SGQR will be adopted by 27 payment schemes including PayNow, NETS, GrabPay, Liquid Pay and Singtel Dash, and will be deployed progressively over the next six months.”

What's New in Payments

Grab unveils plan to turn its mobile wallet into a platform

By Sarah Clark • • Updated • nfcw.com

Grab unveils open platform strategy to build Southeast Asia’s first everyday superapp — Grab — “Grab today announced GrabPlatform, as part of its open platform strategy to build Southeast Asia’s first everyday superapp. Grab will add more highly used everyday services to the Grab app, together with best-in-class partners, who can use GrabPlatform to integrate their services with Grab. … In the span of five months (Jan-May 2018), Grab Financial’s total payment volume more than doubled. It is now the leading mobile payments platform in Southeast Asia.”

Transit Ticketing Today

Asian ride hailing giant Grab to let users pay for public transit with its app

By Sarah Clark • • Updated • nfcw.com

Bid to enable public transit payments via GrabPay — The Straits Times — “In future, the Grab app will give commuters a range of options — from a direct point-to-point method, using taxis or private hire cars, or through multiple modes including transfers on shuttle buses, cars and public transport. ‘You pay everything in a seamless way — cashless — through GrabPay.”

What's New in Payments

Maybank teams up with GrabPay for mobile payments in Malaysia

By Sarah Clark • • Updated • nfcw.com

Grab partners Maybank to promote GrabPay in Malaysia — The Straits Times — “The tie-up brings the GrabPay mobile wallet to its second country after Singapore. Grab has plans to roll out the GrabPay service across all eight countries in South-east Asia this year… Maybank’s Malaysia customers will be able to use the GrabPay mobile wallet to conduct both payments at Maybank’s key merchants, and to top-up their mobile wallet directly from their bank accounts. Maybank customers who use GrabPay to pay for rides and other services on Grab will enjoy exclusive benefits and rewards.”

What's New in Payments

Samsung partners with Grab for mobile payments in south-east Asia

By Sarah Clark • • nfcw.com

Grab and Samsung sign MOU to drive digital inclusion in south-east Asia — Samsung — “Grab and Samsung will work together on a wide range of initiatives to bring the benefits of technology, such as enhanced customer experiences and improved income opportunities, to millions of consumers and Grab driver-partners across south-east Asia… The two companies will also work together to expand into south-east Asia’s fragmented mobile payments ecosystem and provide a mobile payments solution that will serve the needs of consumers in south-east Asia.”

Transit Ticketing Today

Ride-hailing app Grab acquires mobile payments startup iKaaz

By Sarah Clark • • Updated • nfcw.com

Grab announces acquisition of Bangalore-based payments startup iKaaz — Grab — “The rich functionality of iKaaz’ mobile payments platform and its experienced leadership team will accelerate feature development and partner integration of GrabPay, Grab’s payments platform. Already Southeast Asia’s #1 ride-hailing platform, Grab is expanding across all markets in Southeast Asia in 2018 with the goal of becoming the region’s universal payments platform.”

What's New in Payments

Taxi hailing app Grab targets Asian mobile payment market

By Sarah Clark • • nfcw.com

Grab starts mobile wallet service at hawker stalls in Singapore — Bloomberg — “Grab will enable its four million users in the city-state to scan a quick response, or QR, code to pay for local dishes such as chicken rice and prawn noodles at hawker stands around the country. Grab plans to increase the number of small merchants accepting GrabPay from 25 to 1,000 by the end of December… The five-year-old startup plans to roll out mobile wallet services across the region next year, according to co-founder Tan Hooi Ling.”

What's New in Payments

Ride-hailing app Grab launches e-payment and fund transfer system

By Sarah Clark • • Updated • nfcw.com

Ride-hailing app Grab launches e-payment and fund transfer system — The Straits Times — “Users will be able to transfer GrabPay credits between themselves via its in-app mobile wallet… Grab also aims to work with more than 1,000 merchants in the retail, entertainment and food and beverage industries to accept mobile payments through GrabPay in the fourth quarter of 2017.”