GrabPay, a digital wallet developed by Grab, which is Southeast Asia’s leading super app, is expanding South Asia’s horizon to develop as a cashless society via various e-payment methods. This e-wallet has been one of the most used payment method in Singapore since 2017. GrabPay became a daily e-wallet for Singaporean as it has occupied the most active users in the Singapore digital payment market for the past two years.
GrabPay has provided efficient payment solution for ecommerce industry. It offers a variety of financial services such payment, lending, savings, and insurance solutions specifically tailored to your needs.
With over 4,000 merchants across the GrabPay network in Singapore, consumers can use GrabPay in retail stores, food stalls, and e-commerce shops, but also to make money transfers and payments in physical stores via QR code.
What is GrabPay?
GrabPay is a payment method launched by Grab, a lifestyle ride hailing super app in Singapore. There are over 4 million Grab users in Singapore, and 75% are already using GrabPay daily. It allows accessing various virtual payment methods from a single GrabPay wallet. The methods that you can link to your wallet include bank cards, PayPal, and others. You will have this wallet installed on your mobile device, which means that you will not have to carry any cards or cash with you to make payments at online and land-based stores where this payment method is accepted.
You will be earning GrabRewards points after you make transactions via GrabPay, once you collect a certain number of points, you can redeem them for vouchers. The user must be over 16 years old and has legal status in Singapore.
Why choose GrabPay as Your payment Method?
GrabPay has partnered with various fin-tech companies to provide users with safe, fast and convenient payment services. In addition, the award-winning wallet security makes all personal information and payment transactions are encrypted and protected with a 24/7 fraud detection engine. This makes riding, dining, shopping and other services more secure and credible. Moreover, all your personal information is protected. GrabPay is also highly accessible and a very transparent investment solution for users.
This is why Singapore users use GrabPay to make payments at over 10,000 online stores. In 2021, Grab expanded its services to neighboring countries like Indonesia and Malaysia, making e-payments more accessible and convenient.
Key Features of GrabPay Payment
GrabPay is a convenient and accessible option for making online payments. Users can issue a GrabPay card via the Grab app.
This GrabPay card helps you make worldwide payments from your mobile phone. It is one of the critical features of Grab’s services. Let’s take a closer look at all the vital features of GrabPay.
Users can issue a GrabPay card if they do not have a bank card or simply don’t want to use one. GrabPay allows you to order a GrabPay card, enabling you to make worldwide payments.
Online or offline, local or abroad, you can use your GrabPay Card whenever and wherever you want, further, you can use your GrabPay Card at any store that accepts Mastercard.
Here are the various steps you have to follow to order your GrabPay card.
- Download the Grab app.
- Open the Grab app.
- Tap on the “Request Physical Card” option.
- Deposit $10.
- Verify your address.
- Submit the request.
Once you receive your card, you can activate it. Then, you can link it with various other payment methods.
When you make transactions via GrabPay payment methods, you’ll start earning rewards for every transaction. You can redeem these special points for vouchers and other types of rewards.
Grab was only a ride-hailing app. But today, users can use their GrabPay for various purposes. From food delivery, subscriptions to shopping in different e-stores, you can use the additional services.
GrabPay has various security measures such as PIN, 3-D secure protocols, biometric authentication, etc.
Besides this, all your personal information, transaction history, and payments are protected through fraud prevention technology. You can also track all your transactions in real-time through the GrabPay.
How Does GrabPay Payment Work?
GrabPay is a convenient payment option that allows users to make cashless payments for a wide range of services. All they need is a mobile device and a stable internet connection to download the app and link other payment methods to it.
From ordering launch to traveling across the city, GrabPay is a significant part of the daily life of lifestyle application for most Singaporeans. Grab’s digital and physical prepaid card lets users manage their spending while unlocking exclusive benefits.
This service is a collection of all cashless payment methods such as credit or debit cards, partner wallets, etc.
You can also order your GrabPay card to make offline and online payments. This card also works as a prepaid card option.
Why Choose Oceanpayment for Your Global Payment Solution
Oceanpayment, an online payment service for local and international payment methods, is a global payment processing platform. This platform offers customized payment solutions to merchants in E-commerce.
Oceanpayment’s multitude of payment solutions are available in more than 200 countries. It encompasses every aspect of online payment processing.
Besides managing ecommerce issues such as security breaches to providing safe cashless transactions, this payment platform also offers more than 500 alternate payment methods to users.
If you’re wondering why you should choose Oceanpayment for your global payment queries, here are some details about this one-stop solution for handling payments.
- Oceanpayment will help you on your global acquiring journey as you can partner with this payment processing company to make merchant accounts.
- Oceanpayment offers more than 500 alternate payment methods.
- It is a licensed company that offers safe payment solutions to retailers.
- Trusted company for payment processing that works as a single payment gateway for all transactions.
- Supports multiple interfaces such as mobile, TV, PC, desktop, and more.
- Unified platform for processing all types of local and international payments.
Global e-commerce has spiked, fuelled by the covid-19 pandemic. This exponential growth of the digital retail economy has opened the door for various online payment processing companies to make their mark.
However, common security and data breaches and other threats are prevalent in making online transactions. This is why you must choose a licensed payment service such as Oceanpayment or GrabPay that is efficient and a highly secure method for making safe transactions.