SEA Digest: GrabPay in pact with Stripe; SiCepat partners DMMX

GrabPay has partnered with digital payments giant Stripe while Indonesian logistics company SiCepat Ekspres has announced a collaboration with PT Digital Mediatama Maxima Tbk. 

Singapore’s GrabPay announces partnership with Stripe

GrabPay, the e-wallet service of Singapore-based Grab, has announced a partnership with digital payments giant Stripe.

“With e-commerce’s increasing popularity here, we believe that Stripe’s expertise and technology will help us deliver an enhanced payments experience for Southeast Asians. This partnership also builds on our ongoing efforts to help businesses grow online in an increasingly digitally reliant world,” said Chris Yeo, Managing Director and Head of GrabPay, Grab Financial Group.

GrabPay allows merchants to connect to millions of Grab users, and improve retention by providing access to GrabRewards, its loyalty programme. Stripe’s partnership with GrabPay will enable businesses in Singapore and Malaysia to tap into this e-commerce growth by managing GrabPay, card payments, and other popular local payment methods within one single integration.

GrabPay works with both Stripe Checkout and API integration, allowing merchants to support payments in both Singapore Dollar and Malaysian Ringgit currencies.

Carousell, a merchant-partner in the initial pilot, has seen online transactions rise by nearly 20% since making GrabPay available as a payment method via Stripe in Malaysia, according to the announcement.

Indonesia’s SiCepat partners Digital Mediatama Maxima 

Logistics startup PT SiCepat Ekspres Indonesia (SiCepat) has announced an investment and strategic collaboration with PT Digital Mediatama Maxima Tbk (DMMX), a subsidiary of PT NFC Indonesia Tbk, to deploy digital cloud advertising solutions at several SiCepat service points.

SiCepat Ekspres CEO Kim Hai said, “SiCepat has invested [for a] 4.5% ownership in DMMX. We plan to increase ownership in DMMX to further strengthen this synergy.”

Founded in 2014, SiCepat Ekspres offers express deliveries in major cities throughout Indonesia.

SiCepat’s parent company, Onstar Express, owns a host of subsidiaries that provide additional services to supplement those offered by the flagship brand.

DMMX is engaged in the development of digital marketing solutions for modern retailers and digital content development for modern consumers.  

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.