For the first time, Grab opens the door for payment competitors to enter the ecosystem, Grab can pay ZaloPay

Grab as well as Shopee, both follow the super app route with an internal payment channel in the ecosystem. But now, buying Shopee can still only pay with ShopeePay, and going with Grab can pay ZaloPay…

ZaloPay has just informed millions of users that this e-wallet is available on the Grab super app – the ecosystem that previously only accepted a single e-wallet, Moca.

On the Grab application, besides ATM, Visa, Mastercard payment methods, there is an additional payment option with ZaloPay.

Notice about this new payment method has only been notified by ZaloPay on the application. Both units have yet to speak out in the media about this cooperation.

Super app or super app used to be a big trend many units pursued. While MoMo is positioned as a payment super app, Shopee is a super app with e-commerce as its core activity, and Grab provides services around transportation.

If Shopee is consistent with a single e-wallet in the ecosystem, AirPay (now renamed to ShopeePay to identify the brand), Grab has opened the door for “rivals” to provide payment services on the ecosystem. his attitude.

According to Robocash’s latest report, Vietnam’s e-wallet market is in a booming phase with 40 active e-wallets, of which 90% of the market share belongs to 3 wallets MoMo, Moca and ZaloPay.

Also according to Robocash, the largest user market share currently belongs to MoMo, with 45.8% (compared to 36.2% in October 2018), the smallest market share – Moca with 0.6% (compared to 4.8%). 5%). Compared to 2018, ZaloPay achieved the highest growth – 550% and ShopeePay the lowest – 144%.

Robocash said that Moca is losing its position (losing 46% of users in the past 4 years). Meanwhile, ZaloPay is growing the fastest at 4% monthly, ShopeePay (AirPay) the slowest with 1.9% monthly, while Moca is losing 1.3% monthly users. Meanwhile, the e-wallet market itself is growing steadily at 3.1%/month.