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Mobile Payments

Grab launches 'Grab 4 Indonesia' 2020 master plan

Friday 3 February 2017 | 08:55 AM CET

Grab, a ride-hailing platform in Southeast Asia, has launched its ‘Grab 4 Indonesia’ 2020 master plan, endorsed by Badan Koordinasi Penanaman Modal (BKPM), the Government of Indonesia’s Investment Coordinating Board.

Grab will invest USD 700 million in Indonesia over the next four years to support Indonesia’s goal of becoming Southeast Asia’s largest digital economy by 2020.

The ‘Grab 4 Indonesia’ 2020 master plan follows a year of growth in Indonesia for Grab, with its GrabCar and GrabBike businesses each growing more than 600% over the course of 2016.

Grab drivers earn 40-70% more per hour than the average transport or delivery driver in Indonesia, and Grab has generated over USD 260 million of income for its driver partners in Indonesia.

Grab will open an R&D centre in Jakarta and target hiring 150 engineers over the next two years. The R&D centre will focus on developing innovations specific to Indonesia by building on the Grab’s existing localised solutions, including algorithms to address new road regulations in Jakarta and GrabHitch (Nebeng), a “bike-pooling” service that caters to nearly 1.4 million commuters in greater Jakarta.

Grab will continue to launch mobile services to increase Indonesians’ access to mobile payments and financing opportunities. Grab will expand its mobile payment solutions in Indonesia through GrabPay Credits, its cashless stored value option, and existing partnerships with Mandiri and their e-Cash solution, while also continuing to develop a shared e-money payments platform with Lippo Group and Nobu Bank to enable all Indonesians to use Grab to pay for services and goods at Lippo’s retail partners.

Indonesia is Grab’s largest market in Southeast Asia. Grab will continue to expand to more cities in Indonesia, grow its transport services, and invest in GrabPay as a mobile payments platform. Since its launch in 2012, Grab has evolved from a simple app for booking a taxi into the largest ground transportation app in Southeast Asia. To date, the company has more than 630,000 drivers and 33 million downloads across the region.