The GrabPay Card may be the latest e-wallet payment card to be made available in Singapore. It had been created so users in Southeast Asia can also enjoy a safe and secure means to access Grab's expanded rewards ecosystem, and it is seamless and convenient integrated payments method.
The GrabPay Card, launched on December 5th, is definitely an extension from the Grab e-wallet inside your Grab apps, made possible due to a continuing partnership with Mastercard.
This means that Grab users are now able to transact around the Mastercard network that connects nearly 53 million merchants worldwide. For the unbanked segment, the GrabPay Card provides a method for you to definitely make payments at Mastercard merchants even though you posess zero bank account.
Grab is quickly becoming a leading app in providing food and package delivery service, digital payment and financial services. If you're planning to enroll in it, here is all you need to know about the physical card before applying for it.
#1 A Card With Security To Boast About
As Asia's first numberless card, the GrabPay Card can address major security concerns that surround online and offline card transactions.
The possibility of theft of personal and financial information is eliminated with a numberless card. The facts of the card are also securely stored inside the Grab app since it serves as extra time of the GrabPay wallet.
On top of that, the GrabPay Card has a PIN-protected in-app lock card function. Which means that users can instantly suspend payments in case of a card loss. The GrabPay Card can also be enhanced with 3DSecure technology to ensure users are safe online fraud.
#2 Integrated With Grab's Existing Features
GrabPay is fast becoming a ubiquitous payment method as Grab continues to expand its offerings beyond transport services. Grab users can use their GrabPay balance for Grab transport, food delivery along with other financial services across Southeast Asia.
GrabPay is also slated to undergo a person interface upgrade that can make it simpler and more intuitive to make use of. As GrabPay is acceptable across Mastercard merchants globally, GrabPay card users can also enjoy competitive foreign currency rates.
With Grab's suite of services housed under one app, each transaction and it is related forex rates or fees (if used overseas) are transparently displayed within the app, making it easier for users to trace their spend.
#3 Gets You 10x GrabRewards Points
The GrabPay Card functions as an extension of GrabPay. Which means that you can continue to earn GrabRewards for each purchase made through the GrabPay Card at Mastercard merchants or any Grab services.
As a part of a restricted launch promotion, GrabPay Card users can also earn as much as Ten times GrabRewards points for each dollar spent. You can redeem GrabRewards offers anywhere in Southeast Asia with one of these GrabRewards points. As an example, 5,000 GrabRewards points around the local Grab app can redeem 500 KrisFlyer miles. Other rewards include meal vouchers, LEGO sets, and special exclusive merchandise.
#4 You like Additional Benefits
Mobile Phone Protection: On top of being connected to the Grab ecosystem, making use of your GrabPay Card for several payments means that you're eligible for certain rewards. For example, you obtain protection against accidental damage or theft for your month that you are paying your mobile phone bill making use of your GrabPay Card.
E-Commerce Protection: Another benefit you enjoy when making payment together with your GrabPay Card is e-commerce protection. You receive coverage for eligible components of the event of incomplete, non-delivery, or delivery of a defective or wrong item.
Flight Delay Passes: As a GrabPay Card user, you can register as much as 2 flights each calendar year for complimentary use of over 1,000 airport lounges spanning over 100 countries in case your registered flights are delayed not less than 2 hours.
#5 Get More Methods to Pay
With the new GrabPay Card, GrabPay users now enjoy more payment options when paying using GrabPay. For example, the GrabPay Card can be added to their Samsung Pay wallet, allowing users to create offline payments using their devices at any contactless-enabled payments terminal.
#6 It's Liberated to Apply For It
For Grab users who're interested, you can subscribe to the card after completing a brief, simple customer verification process within the Grab app.
Upon verification, users may use their digital GrabPay Card to make purchases online, in-app, or pay offline merchants through Samsung Pay. The GrabPay card is related to the users' GrabPay balance in their wallet. Essentially, the GrabPay Card extends the functionalities of GrabPay beyond the app in a secure way, while enabling you to earn much more GrabRewards points than normal.