The Bangko Sentral ng Pilipinas (BSP) has granted an e-money license to Grab, which will enable the ride-hailing company to provide its consumers a number of additional payment services, aside from rides and express delivery. With the e-money license, Grab said it cann expand its mobile wallet service, GrabPay. This would further promote cashless transactions, including bills payment, food orders, and in-store and in-restaurant purchases in the country, according to Grab. "The Philippines has one of the highest percentages of people in Southeast Asia who do not have a bank account and who transact in cash," Ooi Huey Tyng, Managing Director of GrabPay Malaysia, Singapore, and the...
Keep on reading: Bangko Sentral grants e-money license to Grab
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