Grab: Using transportation to drive mobile payments in Southeast Asia

 

Grab

Most in the region will know Grab as Southeast Asia’s ride-hailing leader. It has achieved rapid growth — now in 30 cities across 6 countries — and offers cashless payments with GrabPay. To make ride-hailing more efficient and seamless, GrabPay was developed to remove the friction and time spent transacting cash.However, many in the region still depend on physical cash for daily living expenses; the World Bank estimating that only 27% of the population has a bank account. To speed mobile payments adoption, Grab is taking a hyperlocal approach to partner with local businesses to expand the use of mobile payments while making it easier to convert stored value into cash.

Joel Yarbrough is the Head of Payments & Commerce Product, Grab.  Join him at GPS to learn more about:

  • Grab’s insights on payment behaviors in the region
  • Using transport to drive cashless payments and ensure financial inclusion
  • Plans for GrabPay across Southeast Asia

 

Joel Yarbrough is the Head of Payments & Commerce Product, Grab. In his role, he drives product strategy and oversees the end-to-end product experience for Grab’s passengers, drivers and partners. Through the Grab platform, he seeks to help drivers and partners build opportunities for themselves, while delivering safe and accessible transport to Southeast Asia. Joel brings over 20 years of solution and product management experience to Grab, having served in senior management roles in leading Internet, finance, and management consulting firms. Throughout his career, Joel has been passionate about connecting the dots to make product vision a reality. He relishes the challenge of taking apart complex technology systems and rebuilding them to address real problems. Prior to joining Grab, Joel spent over six years at PayPal overseeing product strategy and product delivery in APAC, as well as delivery of solutions for large online and omnichannel partners. Joel was also a founding board member of PayPal’s non-profit and charitable giving fund. Joel holds a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania, and currently lives in Singapore with his wife and two daughters.

 

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