Southeast Asian ride-hailing service Grab said on Friday it is teaming up with Indonesian conglomerate Lippo Group to implement a payments platform.
This will be Grab’s first step to providing a mobile payments solution more widely across Southeast Asia and will extend its reach beyond transport, Grab said in a statement.
Users will be able to use the Grab app to pay for services across Lippo’s retail companies, including department stores, cinemas and e-commerce. The partnership will give Grab access to over 50 million existing customers in Indonesia, it added.
(Reporting by Eveline Danubrata; Editing by Stephen Coates)