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Thursday, 25 August 2016, 13:00 HKT/SGT
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Source: Adyen
Grab Selects Adyen as Payment Solution Partner for Four Markets in Southeast Asia
Payments partnership supports Grab in Indonesia, Philippines, Thailand and Vietnam

SINGAPORE, Aug 25, 2016 - (ACN Newswire) - Adyen, the global payments technology company, today announced that Grab, Southeast Asia's leading ride-hailing platform, has selected Adyen to extend the capabilities of its GrabPay platform in Indonesia, Philippines, Thailand and Vietnam. Grab will partner with Adyen to deliver a consistent, frictionless payment experience for customers traveling across markets regardless of their device or payment method.

"As part of Grab's drive to make ride-hailing even safer, easier and more accessible to everyone in Southeast Asia, providing trusted, seamless mobile payments is crucial for the overall customer experience. Grab wanted a partner who could support a variety of traditional and alternative payment methods to support our growth across the region. Adyen fits the bill and we are excited at now being able to offer our passengers even more payment options when they pay through GrabPay," said Joel Yarbrough, Head of Payments & Commerce Product, Grab.

With Adyen supporting 250 payments methods around the world, Grab customers will be offered both traditional cards and, over time, country-specific payment methods, using Adyen's expertise and data to expand payment options.

Business travelers who work within the region can also easily tabulate their business ride spending with Grab through the Grab for Work portal, and companies can automatically pay for their employees' rides through the use of corporate cards.

"Southeast Asia is a diverse and highly fragmented region and there is no one preferred method of payment. However, mobile penetration in the region remains high and drives several key trends including the rise of mobile payments and platforms as a service. Partnering with a fellow innovator and disruptor such as Grab, we are eager to empower commuters in Southeast Asia with the same convenience of hailing a ride seamlessly as paying for their Grab ride with equal ease," said Warren Hayashi, President, APAC, Adyen.

This partnership announcement is in conjunction with Adyen's growth momentum in the region as it expands its presence in Singapore with a new, bigger office. Adyen began operations from its new office in August 2016.

About Adyen

Adyen is a technology company that provides businesses with a single solution to accept payments anywhere in the world. The only provider of a modern end-to-end infrastructure connecting merchants directly to Visa, MasterCard, and 250 other payment methods globally, Adyen delivers frictionless payments across online, mobile, and in-store. Headquartered in Amsterdam and San Francisco, with offices across North America, South America, Europe and Asia Pacific, Adyen serves more than 4,500 businesses, including 7 of the 10 largest U.S. Internet companies, and 3 of the top 5 global apparel brands. Customers include Uber, Netflix, Spotify, Dropbox, Evernote, Booking.com, Yelp, Vodafone, Superdry, Mango, Crocs, O'Neill, SoundCloud, KLM and JustFab. www.adyen.com

Press Contacts
Wei Wei Chua, [email protected], +65 9833 2654
Melissa Jaswal, [email protected], +65 9837 3746
Pui San Wong, Adyen, [email protected], +65 3158 5065

Topic: Business Tieup
Sectors: Cards/Payments, Retail/eCommerce, E-commerce, IT Individual, FinTech/Chains
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From the Asia Corporate News Network


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