KUALA LUMPUR: Grab, Malaysia and Southeast Asia’s leading e-hailing service, has received e-money licence for payments services from Bank Negara Malaysia (BNM). GrabPay Managing Director Jason Thompson said that with the licence, it can now link the service to stores and restaurants so that customers can benefit from the cashless service. GrabPay is Grab’s in-application mobile payment system. Thompson, who declined to name the collaborating partners, added that Grab obtained the regulatory approval from BNM two weeks ago. “As we have our own payment system, there are regulations that we need to adhere to.

Source: New Strait Times December 08, 2017 08:37 UTC