{"id":4237,"date":"2018-10-03T21:53:34","date_gmt":"2018-10-03T21:53:34","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4237"},"modified":"2021-06-15T14:34:01","modified_gmt":"2021-06-15T14:34:01","slug":"grab-targets-philippines-for-rapid-expansion-efforts","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/grab-targets-philippines-for-rapid-expansion-efforts\/","title":{"rendered":"Grab Targets Philippines for Rapid Expansion Efforts"},"content":{"rendered":"<p>After receiving an e-money license from the central bank Bangko Sentral ng Pilipinas (BSP), the online-to-offline (O2O) platform will now target the Philippines for further GrabPay expansion, the company <a href=\"https:\/\/www.grab.com\/ph\/press\/others\/grab-receives-approval-from-bangko-sentral-ng-pilipinas-to-rapidly-expand-grabpay-services\/\">said<\/a>.<\/p>\n<p>With the Philippines being the fifth country in Southeast Asia to support the full suite of GrabPay products, locals will now benefit from easy, one-stop access to rides, express delivery and a number of payments services.<\/p>\n<p>\u201cThe Philippines has one of the highest percentages of people in Southeast Asia who do not have a bank account and who transact in cash. We believe Grab, an everyday app available on 1 in 2 smartphones in the Philippines, can make a difference where other e-wallets have not been able to so far,\u201d said Ooi Huey Tyng, managing director of GrabPay Malaysia, Singapore and the Philippines, in the press release.<\/p>\n<p>The company cited statistics from the BSP revealing that more than 99% of transactions in the Philippines still happen in cash, with 86% of locals remaining unbanked.<\/p>\n<p>Also on the table for Grab Philippines is the launch of its Grab Superapp on October 8 \u2013 an enhancement to the original app interface where users are given the opportunity for more efficient access to their GrabPay wallet, easier navigation and a personalized newsfeed, according to <a href=\"https:\/\/businessmirror.com.ph\/with-e-money-license-grab-touts-digital-wallet-power\/\">Business Mirror<\/a>.<\/p>\n<p>As for what to expect next in their global launch sequence, the <a href=\"https:\/\/asia.nikkei.com\/Business\/Business-Trends\/Grab-pushes-e-payments-in-SE-Asia-as-Go-Jek-expands\">Nikkei Asian Review<\/a> quoted a company spokesperson as saying Grab expects \u201cto be offering payments services in all six core [Association of Southeast Asian Nations member] countries by end of this year.&#8221; The sixth market is Thailand, the article said.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After receiving an e-money license from the central bank Bangko Sentral ng Pilipinas (BSP), the online-to-offline (O2O) platform will now target the Philippines for further GrabPay expansion<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1015],"tags":[123,143,243,363,366,595,851],"class_list":["post-4237","post","type-post","status-publish","format-standard","hentry","category-archive","tag-bsp","tag-cashless","tag-e-money","tag-grab","tag-grabpay","tag-o2o","tag-superapp"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=4237"}],"version-history":[{"count":1,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4237\/revisions"}],"predecessor-version":[{"id":6767,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4237\/revisions\/6767"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4237"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}