Will GrabPay lose lustre as banks tighten rewards for top-ups?

Singapore

ALL good things must come to an end. Users of mobile wallet GrabPay and its extension - the physical GrabPay Card - are fast learning this as more and more banks stop credit card rewards for GrabPay top-ups.

Up till recently, consumers have benefitted from being able to top up their Grab mobile wallets using credit cards that offer rebates or rewards with these top-ups.