Globe lines up against arch rival Smart with payments alliance – Mobile World Live

Globe lines up against arch rival Smart with payments alliance

23 APR 2015

Globe, the second largest operator in the Philippines, has signed an MoU with e-commerce firm Lazada so that its GCash wallet can be used for payments on its partner’s sites across South East Asia.

The announcement comes just a few months after Lazada’s parent, Rocket Internet, agreed to set up a joint venture targeting payments in emerging markets with Smart, the leading operator in the Philippines.

Globe and Smart have a keen rivalry, not least in payments where both have a track record of innovation.

Rocket’s earlier alliance with Smart looks more in depth given parent PLDT bought a 10 per cent stake in Rocket for $446 million.

Meanwhile Globe and Lazada will create an integrated platform in coming months so the operator’s mobile wallet can make payments on its partner’s e-commerce sites in Indonesia, Malaysia, Phlippines, Singapore, Thailand and Vietnam.

Lazada has over 15,000 merchants and 1.4 million active users and is currently valued at $1.2 billion.

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Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

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