Grab has debuted its first payment card - Business Insider

Consumers can first apply for and receive a digital card — which can be added to their Samsung Pay wallet so they can make offline payments with it, in addition to digital ones — and then request a numberless physical card as well. The digital card is now available in Singapore and will be rolled out in the Philippines in Q1 2020, before hitting other SEA countries in the first half of 2020.

Grab is looking to use GrabPay Card to become a bigger player in SEA's surging payments industry. The region's consumer payments gross transaction volume is to rise from $1.4 trillion in 2019 to $2.3 trillion by 2025, presenting a significant revenue opportunity for Grab. But e-wallets are only expected to account for $114 billion in GTV in 2025, while overall digital payments, which includes e-wallets, cards, and more, are forecast to total $1.1 trillion in 2025.

, Business Insider Intelligence's expert product suite keeping you up-to-date on the people, technologies, trends, and companies shaping the future of consumerism, delivered to your inbox 6x a week. >>

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cyber Monday 2019 sets new e-commerce record - Business Insider - Business InsiderCyber Monday 2019 racked up a record-setting $9.4 billion in US online sales, with smartphone shopping playing a key role in its success:
Source: BusinessInsider - 🏆 729. / 51 Read more »

Holiday fulfillment may drive customer loyalty - Business Insider - Business InsiderRetailers that use omnichannel fulfillment options may be best positioned to successfully handle their e-commerce orders this holiday season.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dispensed Business Insider weekly healthcare newsletter December 6 - Business InsiderDispensed: Hospital CIOs dish on the cloud, digital chiefs talk tech in healthcare, and how our editor picked his health plan
Source: BusinessInsider - 🏆 729. / 51 Read more »

Vodafone UK turns key operations over to digital - Business Insider - Business InsiderVodafone UK has reduced headcount in network operations centers thanks to the introduction of digital tools, like chatbots and automated networks.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Get more value from rewards credit cards through bonuses and spending - Business InsiderIt didn't take long for me to learn that working on free flights and hotels is much easier if you leverage the bonus plus rewards from daily spending. Anybody who has 15 credit cards needs to be committed Get a life, not new cards
Source: BusinessInsider - 🏆 729. / 51 Read more »