Ride-hailing service Grab partners Indonesia's Lippo for mobile payments

Reuters News
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Posted: Jul 22, 2016 12:09 AM

JAKARTA (Reuters) - Southeast Asian ride-hailing service Grab said on Friday it is teaming up with Indonesian conglomerate Lippo Group to implement a payments platform.

This will be Grab's first step to providing a mobile payments solution more widely across Southeast Asia and will extend its reach beyond transport, Grab said in a statement.

Users will be able to use the Grab app to pay for services across Lippo's retail companies, including department stores, cinemas and e-commerce. The partnership will give Grab access to over 50 million existing customers in Indonesia, it added.

(Reporting by Eveline Danubrata; Editing by Stephen Coates)