Leading local payments platform PPRO has announced a partnership with GrabPay, an e-wallet developed by Grab, Southeast Asia’s leading super app. The move is in line with PPRO’s business strategy to expand its offering across the APAC region and accelerate global coverage.
PPRO will roll out GrabPay in two stages. The first will support GrabPay’s one-time payment solution for the Singapore market and the company’s recently launched check-out service, which allows online merchants to integrate GrabPay into e-commerce payment platforms. In the second phase, PPRO will support GrabPay’s tokenized payment option.
Grab is present in 8 countries throughout Southeast Asia including Singapore, Malaysia, the Philippines, Thailand, Indonesia, Vietnam, Indonesia, Myanmar and Cambodia. PPRO’s Tristan Chiappini, VP, Head of Partnerships Asia, adds: “We are delighted to be partnering with GrabPay. Even today, only 27% of people in South East Asia are ‘banked’ – meaning there is currently a huge untapped market of consumers who would benefit greatly from this partnership.”
PPRO has an indirect sales model, marketing its products and services to payment service providers with vast, global merchant bases. Currently, PPRO has integrations with around 130 PSP partners with approximately 40,000 merchants transacting daily on its platform.
Leading local payments platform, PPRO removes the complexity of cross-border and domestic digital payments by acquiring, collecting and processing an extensive range of local payment methods for Payment Service Providers under one contract, through one platform and one single integration. PPRO supports local payment methods across more than 100 countries, allowing Payment Service Providers to expand their merchants’ consumer reach, arrange hassle-free collection and achieve higher conversion rates.
Founded in 2006 and headquartered in London, PPRO is a global financial institution with an e-money license issued by the British regulatory body FCA. For more information, please visit www.ppro.com