since 1976
since 1976
Grab, Malaysia and Southeast Asia’s leading Online-to-Offline (O2O) platform, recently introduced the GrabPay mobile wallet on both Andriod and iOS platforms. Without having to leave the Grab app, Grab’s millions of consumer can now access a safe, convenient and flexible mobile wallet to pay both for services on the Grab app and in stores and restaurants. In addition, partnerships with local champions like Maybank, KLIA Ekspres and merchants to ensure GrabPay is not only accepted nationwide in eight cities from the launch, but can also be used for a variety of services.
The all-new GrabPay – which previously only accepted debit or credit cards – comes enhanced with a mobile wallet. Consumers can now top-up and spend money or ‘GrabPay credits’ from the Grab app. Consumers can use their Grab app to pay for Grab’s services such as GrabFood and rides, but also at merchants or partners with the GrabPay QR code. In addition to that, consumers can also transfer money directly to each other conveniently via the app with just a few simple taps.
According to statistics by Bank Negara, more than 80% of transactions in Malaysia still happen in cash. Cash handling and services also cost more than a billion a year to the banking industry.
Grab as the app offering essential everyday services in areas such as mobility, food and other services to more than 100 million consumers across Southeast Asia is best placed to make a difference. The GrabPay mobile wallet built into the Grab app offers a low-entry barrier to secure cashless payment options for both consumers and merchants.
GrabPay accepted nationwide
GrabPay is now accepted in more than 500 famous food and beverage merchants spanning 8 major cities nationwide, namely Klang Valley, Penang, Johor Bahru, Ipoh, Melaka, Kota Kinabalu, Kuching and Kuantan. Targeted to double in the coming months, these restaurants range from famous chains which have outlets across the country to local city favourites.
Users only need to turn on their Grab App and scan the unique Grab QR code at the merchant’s outlet. In fact, every transaction on GrabPay Credits adds value to every Ringgit spent, earning them GrabRewards points which can be used on items from the GrabRewards catalogue.
Malaysia’s merchants will have access to the wide and growing data-base of Grab users who are already familiar with the app. At the same time, merchants can focus more on service rather and not be burdened by calculating change or tallying their accounts at the end of the day as every transaction is captured within the app.
The GrabPay mobile wallet also comes with an instant credit transfer feature, consumers can also transfer money immediately to friends or family via phone numbers or the unique Grab QR code within the Grab app. This new feature makes the hassle of transferring money easier, in cases where a group of friends want to split the restaurant bill or a mother wants to give money to her children to pay for rides or meals.
