BFM 89.9

HIGHLIGHTS 
Podcast  >  Morning Run  >  The Breakfast Grille  >  Grab-bing A Piece Of Payment's Pie - Uphill Battle

Grab-bing A Piece Of Payment's Pie - Uphill Battle

Ooi Huey Tyng, Managing Director, GrabPay Singapore, Malaysia and The Philippines

18-Oct-18 08:05

Grab-bing A Piece Of Payment's Pie - Uphill Battle

GrabPay is the digital payments business of Grab and its game plan is to be the "Asean Wallet".

But the battle for payment platform dominance is heating up in the region.

Everyone wants a share of the e-payments pie -- from Chinese Giants such as Tencent and Alibaba to traditional banks as well as Grab’s biggest rival Go-Jek that is expanding beyond its home base of Indonesia.

At home, there are 5 banks and 36 non banks in the e-money space.

What are GrabPay's strategies in this competitive payments sector?

We ask Huey Tyng this.

Aside from competition rising in the mobile payment's space, cash continues to be a strong incumbent competitor with 80% of transactions undertaken in cash.

Can Grab convert cash to cashless?

It looks like a long and uphill ride ahead.

Presented by: Joyce Goh


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  TechnologyTechBusiness AnalysisSocial Issues

Tags:  financetechnologyfintechride sharinge-walletindustry 4.0corporatedigitalGrab





Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows



11:00 AM

Best of Enterprise

(REPEAT) 1337 Ventures' Bikesh Lakhmichand shares a founder's guide to the first investor meeting, explaining what VCs, angels, and ECF platforms really want to see.

12:00 PM

BBC World Service

(REPEAT) This week on Science in Action, stories on a major new telescope survey that have started in Chile while scientists are also beginning a project to create fully synthetic human chromosomes.

1:00 PM

A Bit of Culture

(REPEAT) Kam Raslan, Matt Armitage and debutant Chin Kar Yern get together to talk about not using ChatGPT and its implication, public spaces and the foreign language of tech.

2:00 PM

Ringgit & Sense

(REPEAT) Alvin Tan of the Financial Planning Association of Malaysia (FPAM) discusses aspects of Malaysian Gen Zers personal finance.

2:30 PM

The Property Show

(REPEAT) Imran Clyde of Nextdor Property Communications shares his insights on the legal aspects of property advertising.

3:00 PM

Best of The Bigger Picture

(REPEAT) How patients diagnosed with nasopharyngeal cancer have found hope and companionship in the Cancer Survivor Support Group.

4:00 PM

Best of Evening Edition

(REPEAT) We speak to board game designer Goh Choon Ean about what makes Malaysian board games unique.

5:00 PM

BBC World Service

This episode of People Fixing The World looks at a community that tackles poverty via the traffic light system.