Grab bags e-money licence for mobile wallet service in Philippines

A passenger sits next to Grab corner sign as he waits for a Grab bike at Sudirman train station in Jakarta, Indonesia, March 26, 2018. REUTERS/Beawiharta

In a move that gives a push to its payments services business, Southeast Asia’s ride-hailing giant Grab announced that it has received e-money licence from Bangko Sentral ng Pilipinas, the central bank in the Philippines, allowing it to expand the GrabPay mobile wallet in the country.

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