August 3rd, 2022
The collaboration between Grab and Evonet helps Evonet further expand its Local Payment Methods.
(Singapore, 22 Jul 2022) Grab recently signed an acquiring collaboration agreement with Evonet. This business collaboration will leverage Evonet systems and business relationships to help Grab expand GrabPay on online merchants in the Asia-Pacific region. The business collaboration will benefit GrabPay users by widening the payment acceptance in the e-commerce space and generate more revenue for Grab and Evonet.
About Grab
Grab is Southeast Asia’s leading superapp based on Gross Merchant Volume in 2021 in each of food deliveries, mobility, and the e-wallets segment of financial services, according to Euromonitor. Grab operates across the deliveries, mobility, and digital financial services sectors in 480 cities in eight countries in the Southeast Asia region – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Grab enables millions of people each day to access its driver- and merchant-partners to order food or groceries, send packages, hail a ride or taxi, pay for online purchases, or access services such as lending, insurance, wealth management, and telemedicine, all through a single “everyday everything” app. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone. Since then, the Grab app has been downloaded onto millions of mobile devices. Grab strives to serve a triple bottom line: to simultaneously deliver financial performance for its shareholders and have a positive social and environmental impact in Southeast Asia.
About Evonet Global Merchant Services
Evonet Global Merchant Services (EGMS) is a merchant acquiring service brand operated by Evonet. At present, all EGMS’ supported payment methods, be it global or local payment methods, are used by more than 90% of users in their domestic countries. The goal of EGMS is to become a global payment platform that meets the cross-border online payment needs of Northeast Asian and Southeast Asian merchants by providing one-stop secure, reliable, cost-effective payment services.
For inquiries:
Evonet Global Corp. Ltd.
E-mail: contact@evonetglobal.com