Grab-Stripe’s partnership, explained

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OK, let’s get back to the usual programming. Today we look at:

• Why the Grab-Stripe partnership is a huge deal
• Two of One Championship’s directors leaving the company
• Other newsy highlights such as the drivers of Gojek’s delivery arm planning a strike and HungryGoWhere shutting down

PREMIUM SUMMARY

Why Grab has set its sights on Stripe

Singapore-based Grab made a splash last week when it announced that the super app will be partnering with online payment giant Stripe. Truth to be told, this is not radical: Grab and Stripe have already been collaborating for around five years now. So what’s this partnership about?

• Not of the same stripe: Thanks to the new partnership, users in Singapore and Malaysia can now use GrabPay to buy online products. Likewise, businesses in these two countries will also now be able to offer GrabPay as an online payment method through Stripe.
• What’s in it for Grab: The company is honing in on its super-app title as it steps up its footprint in the ecommerce space. The partnership would give its users more avenues to use GrabPay and also enable Grab’s two million merchant partners to tap into the growing ecommerce market.
• What’s in it for Stripe: The online payment giant has met with difficulties in its plans to expand into Asia. This alliance with Grab will open the door for Stripe to reach over 25 million transacting users as well as the huge unbanked population in the region.

Read more: Why does the GrabPay-Stripe partnership matter?

PREMIUM SUMMARY

Two of One Championship’s directors have left

Mixed martial arts company One Championship saw two of its six directors stepping down in April. What’s going on?

The IPO checklist