With the rising need for cashless transactions due to the COVID-19 pandemic, GrabPay is doubling down on its efforts to provide cashless convenience and safer payments to more Filipinos, and now, a partnership with InstaPay, an electronic fund transfer service that allows the transfer of Philippine peso funds instantly between accounts of banks and e-wallets in the country.
With InstaPay, users can instantly and conveniently transfer funds from BSP-supervised banks and e-wallets to their GrabPay account, eliminating the need to physically go to payment centers just to cash-in. Grab users can also transfer available funds from their GrabPay wallet to their bank accounts and e-wallets.
Secure: No card or bank details are saved in our app when you use your banking app or e-wallet.
Real time: No need to wait. Simply cash in to your wallet with just a few taps on your phone and the amount will reflect on your account immediately. InstaPay is also available 24/7.
Widely accepted: Cash in from over 40 banking apps/websites & e-wallets and use to pay for Grab services or at online sites like Zalora, ShopSM, and more, and stores that accept GrabPay such as SM Malls, Starbucks, Healthy Options, etc.
Convenient: Save GrabPay as a transfer template in your banking or e-wallet app where possible.
The process is quick and easy:
Cash in from your bank or e-wallet
Launch your mobile banking or e-wallet app and initiate a Transfer
Select GrabPay from the list of banks/e-wallets to transfer to
Key in the necessary information to complete the transaction
Cash out from the Grab app to your bank or e-wallet
Launch the Grab App and tap “Payment”
Tap “GrabPay Wallet”
Tap “Transfer” and select your bank account or e-wallet
Input necessary details to complete the transaction
For more information, 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.