Grab Starts Mobile Wallet Service at Hawker Stalls in Singapore
- Startup will focus on 20,000 local, cash-based merchants first
- Grab to roll out GrabPay wallet across Southeast Asia in 2018
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Grab, Southeast Asia’s largest ride-hailing app, is kicking off a new digital wallet service in Singapore as it stakes a claim to the region’s burgeoning mobile payments sector.
Starting Wednesday, Grab will enable its 4 million users in the city-state to scan a quick response, or QR, code to pay for local dishes such as chicken rice and prawn noodles at hawker stands around the country. Grab plans to increase the number of small merchants accepting GrabPay from 25 to 1,000 by the end of December.