Grab launches GrabPay e-wallet payments with 25 merchants (Photo: Grab)
Seems like Grab isn’t just busy with acquiring riders for their platform. With a user base of 4 million in Singapore, GrabPay is set to become a major payment service as the company revealed it’s new e-wallet payment feature today.
What this means is that Grab users will soon be able to make payments using GrabPay for food at hawker centres, restaurants and for shopping in retail stores. There is no need to download a separate app for payment according to Grab, users simply need to press the GrabPay button in-app to scan a QR code.
GrabPay e-wallet functions coming soon (Photo: Grab)
It has partnered up with 25 merchants (restaurants and hawker stalls) located in CBD and Bishan in the launch and will focus to attract 20,000 cash-based merchants to adopt their cashless payment system. Benefits for merchants who take on the GrabPay service include marketing exposure to Grab’s user base, and zero transaction costs for the first 6 months.
The move is similar to WeChat Pay, a payment feature launched a year ago on the popular messaging app in China with over 600 million users to date.
Learn more from Grab
