Grab launches GrabPay Credits

Singapore

RIDEHAILING app Grab on Tuesday launched GrabPay Credits, a new stored-value option within the Grab app, that will allow "everyone in South-east Asia" to make cashless payments for rides taken via Grab.

This will potentially expand Grab's market to students, the unbanked, and people unfamiliar with cashless payments or simply cautious of sharing credit card details. It's a move observers described as yet another instance of Grab catering to local market needs, compared to Uber.

With GrabPay Credits, riders can now top up their balance using their credit or debit cards, and at local banks, ATMs or convenience stores. Grab said that parents, for instance, can buy top-ups for their children to take cashless Grab rides. Riders can also better manage their finances by choosing to top up a fixed amount every week or month, for G…