Wirecard Announces New Partnership With Southeast Asian Ride-Hailing Giant Grab

Just a couple of weeks after Securing more than $800 million from Japanese investors, Southeastern Asian ride-hailing services Grab has formed a new partnership with Germany-based global provider of digital payments and commerce solutions Wirecard. The companies revealed that through the partnership, they will see Wirecard process transactions made via the GrabPay e-wallet, starting with the Malaysian, the Philippines and the Singapore markets.

The companies both revealed that consumers may use their GrabPay e-wallet to pay for transactions online and offline. Wirecard will process card transactions for GrabPay through its digital financial commerce platform and will expand GrabPay to more merchants. Georg von Waldenfels, Executive Vice President Group Business Development at Wirecard, spoke about the collaboration by stating:

“Together, we aim to continue disrupting the payment, tech and mobility industries with innovative solutions that can improve the lives of millions.”

Reuben Lai, Senior Managing Director of Grab Financial Group, then added:

“We are thrilled to partner with Wirecard as we progress on our journey of building a cashless economy for millions of businesses across Southeast Asia. Wirecard’s innovative mobile payments solutions will not only complement our GrabPay e-wallet platform, but also offer businesses and consumers the opportunity to transact with greater security, convenience and flexibility.”

As previously reported, Grab describes itself as Southeast Asia’s leading super app that provides transportation, logistics, and financial services. The company is on a mission to solve key problems in the region and improve the lives of millions through technology.

“Life as a Grabber means succeeding in a culture of passion and innovation. We are hungry to make a difference, and recognize that good decisions often come from the heart. We are humbled by our communities and are proud to serve them with honor. We come from all over the world, united by a common goal to make life better every day for our users.”

Wirecard claims it provides businesses and end customers alike with a constantly expanding ecosystem of real-time value-added services. Wirecard AG is listed on the Frankfurt Stock Exchange (DAX and TecDAX).

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