Today, Grab announced the launch of GrabPay Card, which is said to be Asia’s first numberless card.
The GrabPay Card promises to offer users “unparalleled card security, access to an expanded rewards ecosystem and hassle-free Grab payments integration in order to bring cashless convenience to millions in Southeast Asia”.
The GrabPay Card is a culmination of Grab’s ongoing partnership with Mastercard, and users, regardless of whether they have a bank account, will be able to use the Card at nearly 53 million merchants worldwide that accept Mastercard cards.
Said Huey Tyng Ooi, Managing Director, GrabPay: “The GrabPay Card, powered by Mastercard, is a continued evolution of GrabPay. We will continue to add features to the wallet and card to enable our users to enjoy simpler, more flexible digital payments experience.”
Added Rama Sridhar, Executive Vice President, Digital & Emerging Partnerships and New Payment Flows, Asia Pacific, Mastercard: “This partnership significantly expands Mastercard’s reach in Southeast Asia while helping Grab to rapidly scale up its global offering.”
“As a result of this partnership, GrabPay users will be able to transact safely, securely and effortlessly with one of the first e-wallets from Southeast Asia that offers worldwide acceptance.”
The digital GrabPay Card is available in Singapore starting today, and those interested can apply for the physical numberless card after receiving their digital card.
The physical card will be rolled out in batches.
For users in other countries, the digital GrabPay Card will be launched in the Philippines in Q1 2020, and other Southeast Asian countries will follow in the first half of next year.
Earn GrabPay Rewards Points From Purchases
GrabPay Card, touted to be Asia’s first numberless card, was designed as such to “address major security concerns users associate with transacting both online and offline”.
As an extension of the GrabPay wallet, the details of the card will be stored within the Grab app, which also has an in-app lock card function that is PIN-protected, so can instantly suspend payments for lost cards.
It also offers an additional layer of protection using 3DSecure technology to protect users from online fraud.
GrabPay Rewards points can also be earned for purchases made with the card at any merchant that accepts Mastercard cards or Grab services.
As part of a limited launch promotion period, the GrabPay Card will reward users with up to 10x GrabRewards points for every dollar spent.
These points can then be used to redeem GrabRewards offers anywhere in Southeast Asia.
For those who are already planning to use the card overseas, each transaction and the exchange rates or fees used will be displayed in the app so users can track their expenditures.
With the card, Grab users can also use their GrabPay balance to pay for Grab services across Southeast Asia.
Users can also add their digital GrabPay Card to their Samsung Pay wallet and make offline payments.
Some additional benefits of the GrabPay Card include:
- Mobile protection insurance: Pay your mobile phone bill using the GrabPay Card and receive protection against accidental damage or theft for that month.
- E-commerce protection: Use your GrabPay Card for online purchases and receive coverage for eligible items in the event a wrong and/or defective item is delivered, broken or there is incomplete or non-delivery of the item.
- Flight delay passes: GrabPay Card users can register up to two flights each calendar year which gives users complimentary access to over 1000 airport lounges in more than 100 countries for registered flights that are delayed for at least two hours.
S’pore Users Can Sign Up For A Digital GrabPay Card Now
Grab users in Singapore can sign up for the card after completing a short, simple customer verification process in the Grab app.
After they are verified, users can use their digital GrabPay Card, linked to their GrabPay balance in their wallet, to make purchases online, in app, or pay offline merchants using Samsung Pay.
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