GrabPay trains sight on govt efforts in e-payment collaboration

Singapore

GRABPAY is watching with close interest how Singapore will soon roll out e-payments at food establishments such as hawker centres and coffee shops, with the mobile wallet player eager to boost partnerships among financial players here, said a top executive at the firm.

In April, the government had called for solutions from financial players here to offer "micropayments" to the F&B operators, with government agencies looking to appoint no more than two master acquirers. A master acquirer refers to the financial firm that handles the payments transactions of merchants - in this case, hawkers, for a fee, so that the merchants will be able to accept e-payments.