Grab Launch Payment Partnership with Germany's Fintech Leader Wirecard

Grab Launch Payment Partnership with Germany's Fintech Leader Wirecard

Wirecard and Southeast Asian tech giant Grab has announced a partnership that would allow the global financial services provider to process transactions made via the GrabPay e-wallet, starting with the Malaysian, the Philippines and the Singapore markets, according to Wirecard, official statement.

Through this partnership, Wirecard will process card transactions for GrabPay via its digital financial commerce platform and will extend GrabPay to more merchants to expand the acceptance of the mobile payment method.

“We are proud to partner with Grab, a Southeast Asian icon,” said Georg von Waldenfels, Executive Vice President Group Business Development at Wirecard, as quoted by Deal Street Asia. “Together, we aim to continue disrupting the payment, tech and mobility industries with innovative solutions that can improve the lives of millions.”

Grab and Wirecard payment partnership. Image: Adobo Magazine
Grab and Wirecard payment partnership. Image: Adobo Magazine

According to a recent global Wirecard consumer survey, over 90% of consumers in Southeast Asia have used digital payments both in-store and online. Mobile wallets are almost twice as popular in the region as they are worldwide, with 44% regularly choosing them as a payment method compared to the global average of 25%.GrabPay is one of the most widely used e-wallets in Southeast Asia, accepted by over 600,000 merchants and small businesses.

It has recently made moves to further expand its offering, including the recent launch of its digital and physical numberless payments card in partnership with global payments giant Mastercard. GrabPay also said it plans to continue adding features to its e-wallet and the new cards in a bid to become a regional fintech leader.

According to Tech in Asia, GrabPay is one of the e-wallet players chosen by Malaysia’s sovereign wealth fund Khazanah Nasional Berhad to participate in its US$109 million e-Tunai Rakyat initiative, which aims to encourage the use of cashless payments in the country.

Indah Gilang Pusparani

Indah is a researcher at Badan Perencanaan Pembangunan Penelitian dan Pengembangan Daerah Kota Cirebon (Regional Development Planning and Research Agency of Cirebon Municipality). She covers More international relations, tourism, and startups in Southeast Asia region and beyond. Indah graduated from MSc Development Administration and Planning from University College London, United Kingdom in 2015. She finished bachelor degree from International Relations from University of Indonesia in 2014, with two exchange programs in Political Science at National University of Singapore and New Media in Journalism at Ball State University, USA. She was awarded Diplomacy Award at Harvard World Model United Nations and named as Indonesian Gifted Researcher by Australian National University. She is Researcher at Regional Planning Board in Cirebon, West Java. She previously worked as Editor in Bening Communication, the Commonwealth Parliament Association UK, and diplomacy consulting firm Best Delegate LLC in USA. Less
View all posts

Terima kasih telah membaca sampai di sini