Q&A: GrabPay on the road for expansion across Asean

Grab wants to build a cashless economy across 10 Asean countries. Reuben Lai, the head of financial services at the ride-hailing firm, lays out his roadmap for FinanceAsia readers.

Singapore-based ride-hailing firm Grab is in talks with regulators about securing licenses to provide financial services in all 10 Asean countries, up from the six country licenses it bagged in 2018, according to a senior executive.

The move is part of Grab's bid for dominance as the go-to internet application for everyday services, from transport to grocery deliveries, across the world’s fastest-growing internet region. 

“2019 is the year that we want to cement our position as the Asean wallet,” said Reuben Lai, senior managing director of Grab Financial, the business unit that houses payments, rewards and broader financial services.

Widespread adoption of its...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222