promptpay c2c

Before you get started on your Tuesday, here is what you need to know.

1. Grab is now hiring government insiders to grow its business

In a move that mirrors ex-Obama advisor David Plouffe’s position at Uber, Grab’s latest hire is Badrodin Haiti, the former chief of Indonesia’s national police. Haiti will be taking on the role of President Commissioner, managing corporate governance.

This is interesting because: The Indonesian government laid out regulations for ride-hailing services last year, which place restrictions on the types of cars in service and a ban on so-called independent drivers. Grab is currently looking to expand further into the country, and would most likely benefit with an insider on board.

Read the rest of the story here.

 

2. Recommended Reading: Online resale startups enter an international growth race

Although VCs and fashion startups tend not to see eye-to-eye, with fashion founders often having to defend their company against male investors who don’t shop online.

However, investors are seeing an opportunity in the online resale marketplace. According to data from fashion investment community FashInvest, investors funneled more than $175 million into the online reselling industry in 2016. The question of when the inevitable bubble will burst has been raised, but it hasn’t happened yet.

For investors, the marketplace makes sense: it’s steadily aligned consumer behavior, as shoppers aren’t going to simply stop buying Birkin bags or vintage Chanel.

Read the rest of the story here.

 

3. Thailand’s PromptPay launches C2C segment

The launch of C2C PromptPay service is expected to increase the traffic of electronic money transfers, especially through mobile banking channels.

The government has also set the date to roll out the business-to-business (B2B) stage on March 1. The pre-registration for corporate clients was launched at commercial banks last Friday.

There are 20 million accounts registered for PromptPay services, with commercial banks expected to see 30 million accounts registered, with the addition of B2B clients.

Read the rest of the story here.

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