GrabPay has partnered with digital payments giant Stripe while Indonesian logistics company SiCepat Ekspres has announced a collaboration with PT Digital Mediatama Maxima Tbk.
Singapore’s GrabPay announces partnership with Stripe
GrabPay, the e-wallet service of Singapore-based Grab, has announced a partnership with digital payments giant Stripe.
“With e-commerce’s increasing popularity here, we believe that Stripe’s expertise and technology will help us deliver an enhanced payments experience for Southeast Asians. This partnership also builds on our ongoing efforts to help businesses grow online in an increasingly digitally reliant world,” said Chris Yeo, Managing Director and Head of GrabPay, Grab Financial Group.
GrabPay allows merchants to connect to millions of Grab users, and improve retention by providing access to GrabRewards, its loyalty programme. Stripe’s partnership with GrabPay will enable businesses in Singapore and Malaysia to tap into this e-commerce growth by managing GrabPay, card payments, and other popular local payment methods within one single integration.
GrabPay works with both Stripe Checkout and API integration, allowing merchants to support payments in both Singapore Dollar and Malaysian Ringgit currencies.
Carousell, a merchant-partner in the initial pilot, has seen online transactions rise by nearly 20% since making GrabPay available as a payment method via Stripe in Malaysia, according to the announcement.
Indonesia’s SiCepat partners Digital Mediatama Maxima
Logistics startup PT SiCepat Ekspres Indonesia (SiCepat) has announced an investment and strategic collaboration with PT Digital Mediatama Maxima Tbk (DMMX), a subsidiary of PT NFC Indonesia Tbk, to deploy digital cloud advertising solutions at several SiCepat service points.
SiCepat Ekspres CEO Kim Hai said, “at this time SiCepat has invested [for a] 4.5% ownership in DMMX. We plan to increase ownership in DMMX to further strengthen this synergy.”
Founded in 2014, SiCepat Ekspres offers express deliveries in major cities throughout Indonesia.
Its SiCepat’s parent company, Onstar Express, owns a host of subsidiaries that provide additional services to supplement those offered by the flagship brand.
DMMX is engaged in the development of digital marketing solutions for modern retailers and digital content development for modern consumers.