Grab Philippines introduced the new GrabPay Card, a prepaid card powered by Mastercard. Read more here.
Digital-first GrabPay Card is here
Grab Philippines is officially launching its digital-first GrabPay Card in
partnership with Mastercard. This new prepaid card from Grab will give
Filipinos access to the convenience of cashless payments, peace of mind while
shopping online, and more ways to earn GrabRewards along the way.
According to a survey conducted by Mastercard here in the Philippines in April
of this year, 40% of Filipino consumers are now using contactless payments
more often in light of the COVID-19 pandemic. The introduction of the GrabPay
Card in the Philippines supports Grab's direction to promote safer payments by
doubling down on cashless services that help curb the spread of the virus in
the country.
What's great thing about this partnership is that the card can not only be
used in all of your Grab transactions, but also at any online stores and
vendors in the Philippines and around the world that accept Mastercard as mode
of payment This will enable Filipinos to easily and securely make transactions
with more than 53 million merchants globally.
Safe and secure
Speaking of safe and secure cashless payments, the GrabPay Card information is
securely kept within the Grab app. It will come with features like in-app lock
function that is enabled by Face ID and fingerprint biometric and PIN. This is
a great feature as users will be able to keep the card locked and only unlock
when using to make purchases or suspend the payments in case the card is lost
or there is suspicious transaction going on.
By using the GrabPay Card whether for online shopping, paying subscriptions or
for any local and international transactions, users will now have more ways to
earn GrabRewards points.
Purchase protection benefit
There's more and it's only unique to this GrabPay Card. Users will be able to
enjoy Mobile Protection Insurance and E-Commerce Protection services. The
former will allow users to pay for their mobile postpaid phone bills using the
GrabPay Card and receive protection against accidental damage or theft while
the latter will allow them to receive coverage for online transactions in the
event that a wrong and/or defective item is delivered, and incomplete or
non-delivery of the merchandise.
In case you wonder, yes this latest GrabPay Card financial service by Grab
Philippines is regulated by Bangko Sentral ng Pilipinas (BSP). Can be used for
transactions inside and outside the Grab app safe and securely. Through its
24/7 fraud protection engine, according to Grab Philippines, users are assured
that their personal information and payment transactions remain encrypted and
protected.
How to activate your GrabPay Card?
To activate and start using the GrabPay prepaid card, all you have to do is
upgrade your GrabPay Wallet within the app and by following the simple steps
listed below.
- Tap "Payment" icon at the bottom of the Grab homescreen
- Ensure that you have activated and upgraded your GrabPay Wallet
- Tap "Get your GrabPay Card now" to access your card details
- Enter your PIN to secure your card
For now, this is a digital-only card, hopefully Grab Philippines will also
release physical card version of the service soon.
To learn more about this GrabPay Card, you can visit Grab PH website here.
