SINGAPORE (Aug 31): Ride-hailing firm Grab has signalled its intention to move beyond transportation.
The private hire car service operator on Wednesday launched its peer-to-peer fund transfer feature, allowing users to transfer credits
to others via its in-app mobile wallet.
More importantly, the P2P fund transfer technology unlocks the path for Grab to offer e-payments for merchant services.
The move comes amid a push by the Singapore government to encourage more consumers and merchants to switch to cashless payments.