Grab And Lippo Group To Develop Digital Payments System

The ride-hailing app, Grab, has announced plans to introduce a digital payment method with the Lippo Group. The Malaysian app sent out a statement saying that “Lippo Group will develop a universal payments platform”, which Grab will then integrate with. The Lippo Group owns chains across Indonesia including department shops, supermarkets, cinemas and the ecommerce site Matahari Mall. Grab's statement also refers to these areas of the business as usable with Lippo's new payment app. Expected to be rolled out just before the end of the year, the payment platform is to be targeted at both companies' combined “50 million existing customers”. Grab's main competitor in Indonesia is Go-Jek, which recently expanded its digital payment option called Go-Pay.