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 : Best of The Bigger Picture: (REPEAT) Dr Khoo Ying Hooi, an Associate...

Today’s Shows



11:00 AM

Best of Enterprise

(REPEAT) Otter Barista's founder Eeyong Ho on building a robotic coffee business that has already served over 100,000 cups across 60+ locations.

12:00 PM

BBC World Service

This week on Science in Action, scientists have detected the largest black hole merger ever observed with LIGO picking up signals from two black holes colliding in a ‘violent’ spacetime event.

1:00 PM

A Bit of Culture

(REPEAT) Kam Raslan, Matt Armitage and Ahmad Yazid join forces to talk about the sea, owning your own clone and the F1 movie!

2:00 PM

Ringgit & Sense

(REPEAT) Khairi Shahrin Arief bin Baki, Deputy CEO at CGS International discusses asset classes and investment strategies.

2:30 PM

The Property Show

(REPEAT) Entomologist Lim Say Piau and Regine Lim of the Malaysian Pest Management Association shares practical insights into how to address bed bugs.

3:00 PM

Best of The Bigger Picture

(REPEAT) Dr Khoo Ying Hooi, an Associate Professor of International Relations and Human Rights at Universiti Malaya (UM) joins the show to reflect on where we are today as a country, in terms of fighting for justice and protecting democracy.

4:00 PM

Best of Evening Edition

(REPEAT) This World Brain Day, we explore the mysteries of the brain, and celebrate what makes every person’s brain unique.

5:00 PM

BBC World Service

This episode of People Fixing The World looks at the efforts of groups in Portugal and how they plan to improve the society they're a part of.