Grab has appointed Ooi Huey Tyng as Managing Director of its payment service, GrabPay. Ms Ooi will be in charge of GrabPay Singapore, Malaysia, and Philippines, and she will be based in Singapore.

Bringing on-board over 25 years of experience

Ms Ooi takes on the managing director post in GrabPay with over 25 years of experience in the payment service industry, and has held senior positions in well-known companies in the industry including  DBS, UOB, and Citibank.  In these firms, she was responsible for managing retail card businesses, co-branding and reward partnerships, along with engagement with merchants. Also, Ms Ooi was a representative to the MAS Payments Council and the Committee on the Future Economy (CFE). Prior to joining Grab, Ms Ooi was working for Visa, as the Country Manager for Singapore and Brunei.

GrabPay was launched in 2017, and it has since reached a number of milestones, with Ms Ooi’s appointment coming in line with the services ambitions of 2018.  Jason Thompson, the Managing Director of GrabPay Southeast Asia, has stated, that Ms Ooi’s skills in forging business partnerships across each country will enable GrabPay to bring more merchants and also consumers into the cashless future faster.

In 2017, GrabPay managed to bring  a total of 1,000 merchants to use its cashless payment service in Singapore. While that may seem few, this feat was achieved within two months of its launch in the country. This year,  GrabPay is planning to bring on-board over 20,000 merchants in Singapore which are still using cash.

The company aims to help them adopt a cashless system with the help of its GrabPay system. Moving to the North in Malaysia, GrabPay is gearing up to launch its payment service in stores and restaurants across the nation. This comes after Bank Negara Malaysia granted the e-money licence to the company. As for the Philippines, a peer-to-peer (P2P) fund transfer is being introduced by the firm. This means that users will now be allowed to transfer GrabPay Credits between themselves.