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Grab enables cashless stored value option with GrabPay Credits

By Ciara Alarcon - on 1 Dec 2016, 10:49am

Grab enables cashless stored value option with GrabPay Credits

Grab has launched GrabPay Credits that delivers a cashless stored value option, allowing top-ups via variety of widely available local funding sources to its GrabPay in-app mobile payment solution.

By simply topping up their balance through local banks, ATMs, and stores, GrabPay Credits now allows users to experience the convenience of cashless payments for a more seamless ride experience.

“We believe mastering cashless payments is critical to our mission of ‘driving Southeast Asia forward’ to improve people’s well-being and accelerate the move from cash to an increasingly cashless society. Grab wants to be the region’s leading payments platform and we believe we are uniquely well-positioned to do so, as we are one of the most frequently used mobile platforms with 1.5 million daily bookings. Since launching GrabPay in January 2016, the convenience of cashless rides has been winning over more customers, as seen by our continuous double digit growth, month-on-month. Grab is built on providing accessibility and safety to everyone, which has spurred our interest in offering GrabPay Credits to allow everyone, everywhere, the convenience of going cashless for more seamless rides,” Tan Hooi Ling, Co-founder of Grab, said.

GrabPay Credits can be used at fixed denominations of PhP 200, PhP 500, and PhP 1000, or a variable amount between PhP 200 to PhP 7,000.

Passengers can top up and use GrabPay Credits as their payment method using the following steps:

  1. On the GrabPay menu, select “Top-up Credits”.
  2. On the Credits page, select the top-up value and the preferred payment method that will indicate the list of options available.
  3. Follow the instructions for the particular payment method selected.
  4. Once the top-up is successful, a pop-up screen will appear with details on the transaction.
  5. The Credits screen reflects the new total balance.