Grab, a Singapore-based ride-hailing platform, has selected payments technology company Adyen to extend the capabilities of its GrabPay platform in Indonesia, Philippines, Thailand and Vietnam.
Through this partnership, the companies aim to deliver a frictionless payment experience for customers traveling across markets regardless of their device or payment method.
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The deal will expand Grab customers’ payment options as Adyen supports 250 payments methods around the globe.
Grab customers will be offered both traditional cards and, over time, country-specific payment methods.
Grab head of payments & commerce product Joel Yarbrough said: "Grab wanted a partner who could support a variety of traditional and alternative payment methods to support our growth across the region. Adyen fits the bill and we are excited at now being able to offer our passengers even more payment options when they pay through GrabPay."
Adyen president for APAC Warren Hayashi said: "Partnering with a fellow innovator and disruptor such as Grab, we are eager to empower commuters in Southeast Asia with the same convenience of hailing a ride seamlessly as paying for their Grab ride with equal ease."
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By GlobalDataIn conjunction, Adyen also announced its expansion and move to a new Singapore office, which will remain as a regional headquarter for the company.
