Grab, a leading everyday super app in SEA officially launched its digital-first prepaid card in the Philippines. GrabPay Card is powered by Mastercard and allows users to do hassle-free payments online, along with an expanded rewards ecosystem that brings the convenience of cashless payments to Filipinos.
A survey by Mastercard last April 2020 revealed that 40% of Filipino consumers are using contactless payments more often in light of the COVID-19 pandemic. GrabPay Card is part of Grab’s direction to promote safer payments by doubling down on cashless services that help curb the spread of the virus.
GrabPay Card officially launches in the Philippines with a digital version that gives the user complete control via the Grab app.
Digital GrabPay Card Features
Pay for everything online. GrabPay Card allows users, regardless of whether they have a bank account, to transact with nearly 53 million merchants accepting Mastercard cards.
Safe and secure cashless payments. As a digital-first card, the GrabPay card details are stored securely within the Grab app. It has an in-app card lock function enabled by Face ID and fingerprint biometric security, and a PIN system that allows users to immediately suspend payments in case of lost cards or suspicious transactions.
More ways to earn GrabRewards. Whether you are using the GrabPay Card to purchase an item online, pay for digital subscriptions, or transact locally and globally, users can earn GrabRewards points for transactions made in millions of merchant-partners that accept Mastercard.
Unique benefits for GrabPay Card users. GrabPay Card users also get Mobile protection insurance allowing them to pay for mobile postpaid phone bills using the GrabPay Card and receive protection against accidental damage or theft. The card is also equipped with E-commerce protection that allows users to receive coverage for online transactions in the event that a wrong and/or defective item is delivered, and incomplete or non-delivery of the item.
Regulated by the BSP, GrabPay is a mobile wallet that can be used to transact within and outside the Grab app safely and securely. With a 24/7 fraud detection engine, users are assured that their personal information and payment transactions remain encrypted and protected. To use the GrabPay Card, simply upgrade the GrabPay Wallet by following the in-app verifications process.
No fuss and no fees— activating the GrabPay Card is simple and easy:
Tap ‘Payment’ icon at the bottom of your Grab homescreen
Ensure you have activated and upgraded your GrabPay Wallet
Tap ‘Get your GrabPay Card now’ to access your card details
Enter your PIN to secure your card
Start using your digital GrabPay Card details for your online transactions
To know more, click here.
Emman has been writing technical and feature articles since 2010. Prior to this, he became one of the instructors at Asia Pacific College in 2008, and eventually landed a job as Business Analyst and Technical Writer at Integrated Open Source Solutions for almost 3 years.