$6b ride-hailing company Grab, with a strong presence in seven markets across Southeast Asia has announced a payments platform similar to Alipay. GrabPay will be accepting payments for merchants across Grab's markets.
Kano raises $28M as its kid-friendly computer kits hit 4,500 stores Grab is best known for rivaling Uber in Southeast Asia, but today the company took a major step into becoming a fintech player, too. That’s because the ride-sharing firm, which recently raised $2 billion from SoftBank and China’s Didi Chuxing, rolled out support for its GrabPay service among third-party merchants for the first time today. Grab is present in seven markets across Southeast Asia, but the first merchants it is onboarding are street food sellers in Singapore, where the firm is headquartered. An initial 25 are on the platform now, but the plan is to grow that number to 1,000 in Singapore by the end of the year.