Southeast Asia Super App GrabPay Extends Partnership with Fintech Adyen to Enable Flexible Payment Options
Southeast Asia’s Grab, the developer of a Super App, has decided to extend its partnership with
Adyen (AMS: ADYEN), a leading payments platform, in order to enable merchants in Singapore and Malaysia to provide BNPL payment options.
Available via the GrabPay wallet, merchants can offer BNPL payment options at the time of checkout, enabling clients to buy what they want, when they want, and pay for it later without having to pay interest or extra fees. Clients can select between interest-free payment plans over such as four easy installments or just pay the following month (with the PayLater Postpaid plan).
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SB Finance offers loans to Grab users, drivers, partners
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Data Vantage: GrabPay and other SE Asian fintech startups pocket more capital
June 29, 2021
With the spread of COVID-19 driving the adoption of fintech solutions across Southeast Asia, leading tech startups are in a good position to raise more capital.
Within the past week alone, DealStreetAsia – DATA
VANTAGE identified three major updates by homegrown fintech firms.
Singapore’s
GrabPay received $55 million in additional capital from its parent company, A6 Holdings Inc, an entity under
Grab Holdings Inc that houses most of the ride-hailing giant’s fintech operations.
Last month, GrabPay secured a partnership with Silicon Valley-based Stripe to enable businesses in Singapore and Malaysia to offer GrabPay Wallet as a payment method through Stripe’s platform. The partnership is expected to cover other markets in Southeast Asia.