Born out of popular Singaporean ride-hailing company Grab, GrabPay uses the same seamless in-app technology users enjoy on the Asian answer to Uber to enable payments not only for rides, but in shops and for GrabFood deliveries.
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Though its frequently evolving rewards structure has been a source of complaint, the added value provided by GrabRewards and its high level of integration in the ecosystem has helped Grab stand out and attract a loyal user base in a market where users have a wide variety of ride-hailing options to choose from.
Most of all, by simply using GrabPay on purchases from its partner brands, including adidas, ShopSM, and Zalora, you'll be able to shave off prices through loads of exclusive discounts.
Even though most credit cards offer cashback rates higher than the GrabPay Card, there are campaigns at times where a certain amount of bonus GrabReward points are awarded by spending with the GrabPay card or wallet. Depending on cashback your credit/debit card gives you, the GrabPay Card/Wallet may still be useful.
GRAB IS MORE RELIABLEThe set prices make Grab more reliable than Uber or taxis. With Uber and taxis, the longer the ride takes, the more money they make. Grab drivers want to get you to your destination in the fastest, most efficient way possible because the final price is already established.
That's because they paid higher consumer and partner incentive fees than the total commissions collected. Incentive fees are deducted from the revenue line leading to a negative balance. However, Grab has been steadily narrowing losses and is on the way to adjusted EBITDA breakeven by the end of 2023.
In a survey conducted in August 2021, a majority of respondents across all surveyed Southeast Asian countries chose Grab as their most used ride-hailing application. In Malaysia, Grab was chosen by 94 percent of the respondents.
Besides operating in its home base of Singapore, Grab has services available in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Thailand, and Vietnam. GrabPay serves as the mobile wallet within Grab's super-app.
To know more about GrabPay Card and how to request visit: https://www.grab.com/ph/pay/grabpaycard. You can use your GrabPay card anywhere in the world across millions of online & offline Mastercard merchants. For FX transactions, Transactions that are made in different currencies other than PHP.