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Grab plans to enable customers to pay merchants using GrabPay in Q4
08-09-2017, 09:52 AM,
Post: #1
Grab plans to enable customers to pay merchants using GrabPay in Q4
Opening a thread for Grab.

Grab plans to enable customers to pay merchants using GrabPay in Q4

GRAB on Wednesday launched its new peer-to-peer fund transfer feature that enables consumers to transfer GrabPay Credits to one another. It also plans to further develop the technology to enable payment for merchant services beyond transportation via GrabPay, its in-app mobile wallet.

http://www.businesstimes.com.sg/technolo...bpay-in-q4

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08-09-2017, 11:11 AM,
Post: #2
RE: Grab plans to enable customers to pay merchants using GrabPay in Q4
It wasn't never meant to be a pure transportation play.
On a larger picture, it could possibly make sense as to whether heavy ride-hailing subsidy is sustainable or not.
"Criticism is the fertilizer of learning." - Sir John Templeton

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08-09-2017, 12:01 PM,
Post: #3
RE: Grab plans to enable customers to pay merchants using GrabPay in Q4
(08-09-2017, 11:11 AM)dzwm87 Wrote: It wasn't never meant to be a pure transportation play.
On a larger picture, it could possibly make sense as to whether heavy ride-hailing subsidy is sustainable or not.

hi dzwm87, welcome back.
I would argue that it was evolution rather than "original intent". I believe the founders meant it to be a pure transportation play, but practice evolution played a part. If not, how to explain the name change from "MyTeksi" --> "GrabTaxi" --> "Grab"?

An interesting interview with 1 of Grab's founder:



Grab co-founder Tan Hooi Ling happy to stay low-key

http://www.sgsme.sg/news/startups/grab-c...ay-low-key

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21-10-2017, 04:40 PM, (This post was last modified: 21-10-2017, 04:40 PM by weijian.)
Post: #4
RE: Grab plans to enable customers to pay merchants using GrabPay in Q4
Grab secures US$700m in debt financing to build S-E Asia's largest fleet

BANKS have emerged the latest players in ridesharing.

On Friday, Singapore-headquartered ridesharing company Grab announced that it has secured debt facilities of up to US$700 million from "leading global and regional banks" - the largest ever debt financing round raised by a South-east Asian startup. The names and number of the participating banks were not disclosed. When asked if venture debt was among the debt facilities secured - that is, a loan that may come with warrants or rights to purchase equity in the borrowing company - Grab would not comment.

http://www.businesstimes.com.sg/transpor...gest-fleet

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