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:  Technology,  Tech,  Business Analysis,  Social Issues

Tags:  finance,  technology,  fintech,  ride sharing,  e-wallet,  industry 4.0,  corporate,  digital,  Grab, 


Latest Podcasts




Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows



11:00 AM

Best of Enterprise

(REPEAT) Eng Sheng Guan, CEO and Co-Founder of Fiuu, one of Malaysia’s largest B2B payment platforms, shares the company’s 20-year journey, from pioneering e-commerce shopping carts in the early 2000s as Razer Fintech, to processing over RM44 billion in transactions annually across eight markets today.

12:00 PM

Just For Kicks

(REPEAT) Kam and the JFK pundits relive that glorious UCL Semi-Final between Inter and Barcelona, the other European matches, and look ahead to the Matchweek 36 of the EPL.

1:00 PM

A Bit of Culture

(REPEAT) Kam and his two guests, Sheryll and Matt talk about ChatGPT’s relationship with grammar and syntax, algorithm, and visible “broligarch”.

2:00 PM

Ringgit & Sense

(REPEAT) Kimberly Law, licensed financial planner and co-founder of Uno Advisers, talks about FOMO and how bad it can be for your bank balance, if you’re not careful.

2:30 PM

The Property Show

(REPEAT) How do you keep cockroaches out of your house? Experts, Regine Lim from the Malaysia Pest Management Association, and entomologist, Lim Say Piau, show us how we can fight back.

3:00 PM

Best of The Bigger Picture

(REPEAT) We speak to Dr Vilashini Somiah about her work, getting elected to chair the Southeast Asia Council (SEAC) of the Association for Asian Studies (AAS), the challenges faced by marginalised communities in the region and so much more.

4:00 PM

Best of Evening Edition

(REPEAT) Should (and could) we eradicate mosquitoes? Dr. Ong Song-Quan joins us to discuss the ecological role mosquitoes play and how we can protect ourselves from these pests.

5:00 PM

BBC World Service

BFM presents the BBC World Service, which provides in-depth coverage of issues from around the world.