Southeast Asian ride-hailing app Grab has agreed to partner Indonesiaâ€™s Lippo Group to develop an e-money payments platform within its operations in the country. The partnership is an extension of a strategic deal signed between the two companies.
According to the agreement, Lippo Group will develop a universal payments platform that enables Indonesians to top-up an e-money account and use it to pay digitally at Lippo companies.
Grab will then integrate the payments platform into the Grab app as a mobile wallet option within GrabPay, enabling any mobile user to use the Grab app to pay for not only their daily transport needs, but also other lifestyle services.
Lippo Group director Adrian Suherman said his company will introduce more partner merchants in unrelenting efforts to push cashless transactions. Grab is determined to expand new services specifically for Indonesian preferences, as the country is Grabâ€™s largest market. Nearly 95 per cent of Indonesians do not use credit cards. Grab said it will continue to partner with leading companies to launch innovative services to cope with these challenges.
Grab currently offers services in Singapore, Indonesia, Philippines, Malaysia, Thailand and Vietnam. Meanwhile its partner Lippo Group is a pan-Asian investment holding company with investments in real estate, department stores, retailing, financial services, telecommunications, hospitality, healthcare, news media, and IT services.