// Workers AI · dad joke modeWhat did GrabPay Wallet say? "I've got a grip on my funds.
 | This article contains promotional content. (May 2026) |
GrabPay Wallet is a digital wallet and mobile payment service operated by Grab Holdings, a Singapore-based technology company known for its Southeast Asian super-app.[1]
The service is integrated into the Grab app and was first introduced as GrabPay Credits in 2016 as a stored-value cashless payment option for Grab rides.[2]
GrabPay later expanded beyond ride-hailing into merchant payments, online payments, and other wallet-based services in selected markets.[3]
In Singapore, GrabPay is operated by GPay Network (S) Pte. Ltd., which holds a Major Payment Institution licence from the Monetary Authority of Singapore under the Payment Services Act 2019.[4]
History
[edit]Grab launched GrabPay Credits in November 2016 to allow users to top up stored value and pay for rides without cash.[5]
The wallet was later positioned as part of Grab’s broader financial services strategy as the company expanded from ride-hailing into payments, financing, insurance, and banking-related services.[6]
In March 2018, Grab acquired Uber’s Southeast Asian operations, strengthening its regional position and giving Uber a stake in Grab.[7]
Grab Holdings listed on Nasdaq in December 2021 under the ticker symbol GRAB through a special-purpose acquisition company merger with Altimeter Growth Corp.[8]
Services
[edit]GrabPay can be used for Grab services such as transport and delivery payments within the Grab app.[9]
GrabPay also supports wallet payments for selected in-store and online merchants, depending on market availability.[10]
In some markets, GrabPay supports cash-in or top-up through channels such as cards, online banking, ATMs, stores, or partner agents.[11]
Grab also developed adjacent financial products under its broader financial technology business, including buy now, pay later services and banking partnerships in selected markets.[12]
In 2018, Grab and Mastercard announced a partnership to issue prepaid cards linked to GrabPay, with virtual and physical card options planned for Southeast Asian users.[13]
Grab later launched the GrabPay Card in Singapore, but announced that both the physical and digital versions would be discontinued from June 2024.[14]
Regulation
[edit]GrabPay operates under payment licences issued by regulators in its respective markets.[15]
In Singapore, GPay Network (S) Pte. Ltd. is listed by the Monetary Authority of Singapore as a Major Payment Institution.[16]
Grab’s Singapore payment terms state that GPay Network holds MAS licence number PS20200167 for services including e-money issuance, account issuance, merchant acquisition, domestic money transfer, and cross-border money transfer.[17]
References
[edit]- ↑ "Grab debuts on Nasdaq, marking biggest Southeast Asia listing". Reuters. 2 December 2021.
- ↑ "Grab delivers cashless, seamless ride experience with GrabPay Credits". Digital News Asia. 25 November 2016.
- ↑ "Grab's mobile wallet expands to Malaysia". American Banker.
- ↑ "GPay Network (S) Pte. Ltd". Financial Institutions Directory. Monetary Authority of Singapore. Retrieved 8 May 2026.
- ↑ "Grab delivers cashless, seamless ride experience with GrabPay Credits". Digital News Asia. 25 November 2016.
- ↑ "Grab-led GXS rolls out Singapore's first digital bank". Reuters. 31 August 2022.
- ↑ Aravindan, Aradhana (26 March 2018). "Uber agrees to sell Southeast Asia business to Grab after costly battle". Reuters.
- ↑ "Grab debuts on Nasdaq, marking biggest Southeast Asia listing". Reuters. 2 December 2021.
- ↑ "GrabPay". Grab. Retrieved 8 May 2026.
- ↑ "GrabPay". Grab. Retrieved 8 May 2026.
- ↑ "Grab delivers cashless, seamless ride experience with GrabPay Credits". Digital News Asia. 25 November 2016.
- ↑ "Grab-led GXS rolls out Singapore's first digital bank". Reuters. 31 August 2022.
- ↑ "Grab and Mastercard to launch prepaid cards for Southeast Asia's 400 million unbanked" (Press release). Grab. 25 October 2018.
- ↑ "GrabPay Card to be discontinued from Jun 1". Channel NewsAsia. 1 April 2024.
- ↑ "GPay Network (S) Pte. Ltd". Financial Institutions Directory. Monetary Authority of Singapore. Retrieved 8 May 2026.
- ↑ "GPay Network (S) Pte. Ltd". Financial Institutions Directory. Monetary Authority of Singapore. Retrieved 8 May 2026.
- ↑ "Payment and Rewards Terms of Service". Grab Singapore. Retrieved 8 May 2026.