Finance & Economics

GrabPay to become preferred payment service across shopping malls

AsiaMalls signs a partnership with Grab to extend GrabPay services to mall tenants and shoppers

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GrabPay to become preferred payment service across shopping malls. Source: shutterstock.com

Leading mall operator AsiaMalls Management and Grab, Southeast Asia’s leading O2O-platform, signed a Memorandum of Understanding to establish GrabPay as the preferred payment service provider across AsiaMalls’ network of six heartland shopping malls island-wide beginning January 2019. AsiaMalls and Grab will also explore opportunities to drive a more in-depth collaboration on both loyalty programmes.

This tie-up is set to offer customers across Hougang Mall, Liang Court, Tiong Bahru Plaza, White Sands, Tampines 1 and Century Square a new cashless payment option and introduce some privileges, perks, and rewards from as early as Chinese New Year next year that will enhance their shopping experience with AsiaMalls.

Grab believes in taking a collaborative approach to encourage e-payments adoption in Singapore. We are excited to partner with AsiaMalls, who shares our vision of a cashless society, to drive mass adoption of GrabPay within the heartlands. Today, over 6,000 merchants accept GrabPay and over 80% of Grab users in Singapore are using GrabPay for various services. The partnership also underlines the appeal of Grab’s wide user base to leading brands and companies
Gary Wong, Head of GrabPay Singapore

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