GrabPay hires new CTO to support expansion plans in Southeast Asia

On-demand transportation and mobile payments platform, Grab has appointed Vikas Agrawal as Chief Technology Officer (CTO) for GrabPay, its mobile payments platform. Vikas joins Grab from Paytm where he was the Senior Vice President of Engineering.

Vikas was a founding member and CTO at Fashionara, an e-commerce startup and served as VP of Engineering at Tavant as well as a Technical Architect at CyberCash.

This appointment will also help to accelerate GrabPay’s growth as it expands across Southeast Asia(SEA) with the goal of becoming the region’s leading payments platform. Grab plans to expand all payments services across SEA in 2018.

“We believe Southeast Asia has the same potential for e-payments in the next 12 months. Under Vikas’ leadership, we have an enviable GrabPay engineering organisation that can reliably and securely build GrabPay into SEA’s universal payments platform,” said Theo Vassilakis, Group CTO, Grab.

Grab claims that its platform facilitates more than 3.5 million transactions daily and is on track for 1 billion transactions annualized.

To support the growth of the GrabPay platform, earlier in 2017, Grab opened three new R&D centres in India, Vietnam and Indonesia. The company also appointed Jason Thompson, a former Managing Director for EMEA and Asia at Euronet, to lead GrabPay as Managing Director, GrabPay Southeast Asia.