GrabPay sets sights on Cambodia and Myanmar

Singapore-based app provider intends to grow along with ASEAN economies

Grab sees such a big opportunity in the 10-member Association of Southeast Asian Nations that it does not plan to expand its payments business outside the bloc. (Photo by Kentaro Iwamoto)

KENTARO IWAMOTO, Nikkei staff writer

November 27, 2018 14:07 JST

SINGAPORE -- Southeast Asia's largest ride-hailing group plans to take its mobile payments service into Cambodia and Myanmar as it expands its range of businesses throughout ASEAN countries, according to a senior executive.

Reuben Lai, senior managing director of the Singapore-based company's financial arm, identified the two countries as next on the list. Grab's ride-hailing app is already available in these markets, as well as six other ASEAN countries.