By Lionell Go Macahilig

Grab, Southeast Asia’s leading everyday super app, has expanded its array of services and cashless offerings with the launch of the digital GrabPay Card in the Philippines, a digital-first prepaid card.

GrabPayCard - The Power of Cashless Payments with the new GrabPay Card

The GrabPay Card extends GrabPay’s global reach, in partnership with Mastercard, with unmatched card security, hassle-free online payments, and an expanded rewards ecosystem, bringing the convenience of cashless payments to more Filipinos.

Now, more than ever, cashless payments have become more crucial in the time of the COVID-19 crisis. Forty percent (40%) of Filipino consumers now buy products and services, as well as settle bills, more often through cashless and contactless payments in light of COVID-19, according to a Mastercard survey.

Just in time as we shift to the new normal brought about by COVID-19, the GrabPay Card arrives to empower users to live smarter and safer in response to the security and safety guidelines set by the government. With the new prepaid card, you can make payments even in the comfort of your home.

The GrabPay Card also takes part in the country’s initiative to expand financial inclusion among Filipinos. According to 2017 data from World Bank, only 34.6% Filipinos have formal bank accounts while only 1.9% own a credit card, leaving many no access to various financial services available in the market today.  

Millions of Filipinos remain unbanked and underbanked until this digital age because of several reasons, one of which is the complicated procedure when opening and maintaining a savings account. Through the GrabPay Card, more Filipinos can enjoy the convenience and reach of having a credit card minus the hassle of applying through a bank.

In spite of high Internet and social media penetration, as well as prevalent smartphone usage, many Filipinos hesitate to do cashless payments because of security concerns. The GrabPay Card eliminates these concerns with its topnotch technology bolstered by Mastercard’s security innovations. Plus, the familiarity with the Grab app adds peace of mind to GrabPay Card users.

The GrabPay Card is a testament of Grab’s ongoing partnership with Mastercard that aims to bring financial inclusion to many consumers not only in the Philippines but also in other countries in Southeast Asia.

“As cities slowly get back on their feet after months of lockdown brought about by the COVID-19 pandemic, digital payments become the critical enabler to embrace this new reality,” said Jonny Bates, Head of GrabPay Philippines.

“The launch of the digital GrabPay Card powered by Mastercard supports our mission of providing safer transactions and bringing more cashless opportunities to Filipinos not only for local transactions but also everywhere in the world,” he added.

“Mastercard is pleased to further expand the partnership with Grab in Southeast Asia with the launch of GrabPay Mastercard in the Philippines. Now Filipino GrabPay users can enjoy a seamless digital payment experience through the GrabPay Mastercard,” said Rowell del Fierro, Country Manager, Philippines, Mastercard.

“This partnership also gives GrabPay users access to an e-wallet that is now accepted worldwide, unlocking a whole new world of possibilities for them,” he added.

Start using GrabPay Card today to enjoy convenience, security, and rewards 

Activating the GrabPay Card is simple and easy. Start by tapping the ‘Payment’ icon at the bottom of your Grab app home screen. Make sure that you have activated and upgraded your GrabPay Wallet. Tap ‘Get your GrabPay Card now’ to access your card details then enter your PIN to secure your card. Voila! Start using your digital GrabPay Card details for your online transactions.

Love to shop or travel? You can enjoy both as the GrabPay Card allows you to purchase in over 53 million Mastercard merchants across the globe. It enables you to buy items and avail services in stores here and abroad even without bringing cash, making your store transaction safer and more secure.

Speaking of safe and secure, as a digital-first prepaid credit card, the GrabPay Card allows you to access it using the Grab app, whether your smartphone runs on Android or iOS. 

The Grab app stores the details of the GrabPay Card securely, which has a PIN-protected in-app lock card function enabled by Face ID and fingerprint biometric security, and PIN-protection. 

Adding to its security features, the GrabPay Card comes with several layers of security starting with the eKYC and 3DS security system, and is under the regulation of the Bangko Sentral ng Pilipinas (BSP). 

With a 24/7 fraud detection engine, users are assured that their personal information and payment transactions remain encrypted and protected. With these security features, users can also instantly suspend payments and deactivate lost or stolen cards. 

Apart from the convenience and security it brings, the GrabPay Card makes the deal sweeter by making its savvy users earn more GrabRewards every time they use it. GrabRewards include GrabCar and GrabFood discounts, as well as vouchers from partner merchants like SM Department Store, Watsons, and many more. That means more savings as they bring more discount vouchers for future purchases. 

Being familiar with Grab since the time when it launched in the Philippines as a ride-hailing app back in 2013, and expanded to other digital services like the GrabPay Wallet in 2018, users (like me) must see no reason not to experience the convenience and security that the GrabPay Card promises to offer. Easy to activate and use, start upgrading your GrabPay Wallet with the GrabPay Card today! 

Check out this video to see what the GrabPay Card can do for you!

 

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