fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home E-commerce

Grab Financial expands offerings to empower small businesses in SE Asia

Team AsiaTechDaily by Team AsiaTechDaily
21 October 2021
in E-commerce, Featured
0
Grab
10
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

Grab Financial Group announced the expansion of its ‘Grow with Grab’ suite of products and features to empower small and medium businesses (SMBs) across Southeast Asia, a region with an e-commerce opportunity valued at $172 billion in 2025.

In a statement, the financial arm of Southeast Asian ride-hailing and food delivery major Grab said it has expanded its “Grow with Grab” initiative by scaling up GrabMerchant Commerce, a webstore builder platform that enables small businesses to scale by offering support in areas such as marketing and brand development.

The platform also offers advanced operations such as automation, CRM, inventory, and logistics. Best-practice sharing among the growing GrabMerchant Commerce community with advice from e-commerce specialists also accelerates growth for merchants.

GrabMerchant Commmerce was launched in May in Singapore and already has 500 signed-up merchants. These merchants, according to Grab Financial, have averaged a 6X increase in sales from when they first started their online businesses.

By the end of October 2021, selected GrabMerchant Commerce merchant-partners can be accessed via the ‘Shopping’ icon in the Grab app, giving them exposure to millions of Grab users across Southeast Asia. GrabMerchant Commerce will be rolled out to Malaysia and the Philippines in 2022.

Grab Financial also accelerated GrabPay and PayLater (Grab’s BNPL product) acceptance by Southeast Asian SMBs via establishing new partnerships with regional and local payment gateways, including 2C2P, AsiaPay, and Razer Merchant Services.

According to the announcement, the acceleration enables merchants to offer their consumers more payment methods.

“We are enabling more of our customers who love using GrabPay and PayLater to use both within and outside of the Grab app. The same safe, convenient, and rewarding experience is now available on many leading e-commerce sites across Southeast Asia,” said Reuben Lai, Senior Managing Director, Grab Financial Group.

Southeast Asia is the world’s fastest-growing region for mobile wallets driven by the e-commerce boom, according to reports cited by Grab Financial.

What are your thoughts?
+1
1
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Previous Post

Animoca Brands raises $6.5m to fund investments, product development

Next Post

Digital Edge announces availability of new data center in Osaka, Japan

Related Posts

anycover
Featured

SG insurtech startup anycover nets $450k, eyes expansion into Malaysia, Indonesia

May 20, 2022
Grab
Featured

Grab reports 6% revenue rise in Q1 2022

May 19, 2022
Antler
Featured

Venture investor Antler commits $100m to over 300 startups in SE Asia in 4 years

May 19, 2022
Pitik
AgriTech

Indonesian poultry tech startup Pitik secures $14m in Series A funding

May 19, 2022
Coins.ph
Featured

Coins.ph secures $30 million in Series C funding led by Ribbit Capital

May 19, 2022
PAG
Featured

PAG, First Solar agree to landmark renewable energy deal in Japan

May 18, 2022
Next Post
Samuel Lee

Digital Edge announces availability of new data center in Osaka, Japan

Discussion about this post

No Result
View All Result

FREE NEWSLETTER

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo