GrabPay Malaysia

GrabPay is a wallet, and is part of the Grab super app. Grab offers a wide range of virtual products and services, including transport, food delivery, and payments. With over 3,000 merchants across the GrabPay network in Malaysia, consumers can use this wallet in retail stores, food stalls, and e-commerce shops. It’s hard to over-emphasize the potential of GrabPay as a way for cross-border merchants to reach consumers in the fast-growing Southeast Asian market: there are over 17 million Grab users in Malaysia, forecast to reach more than 28 million consumers by 2025 (Statista). Consumers make payments by entering their phone number and one-time verification code.

GrabPay Malaysia
Type Wallet
Consumer countries
Currencies

Want to integrate GrabPay Malaysia onto your platform?

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GrabPay Singapore

GrabPay is a wallet, which is part of the Grab super app. Grab offers a wide range of virtual products and services, including transport, food delivery, and payments. With over 4,000 merchants across the GrabPay network, consumers can use this wallet in retail stores, food stalls, and e-commerce shops. Online merchants have an opportunity to grow their reach in Singapore with GrabPay: there are over 4 million Grab users in Singapore, and 75% are already using GrabPay daily.

GrabPay Singapore
Type Wallet
Consumer countries
Currencies

Want to integrate GrabPay Singapore onto your platform?

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Why GrabPay Malaysia

Spend-per GrabPay consumer increased by 19% year on year to 2022, due in part to consumers using it to pay for more categories of goods with more merchants (Grab).

In 2020-21, the number of Southeast Asian merchants registered with GrabPay nearly tripled (Grab).

GrabPay is accepted in SG, KH, ID, MY, MM, PH, TH and VN (Grab). By 2030, these countries’ online economies will be worth US$1 trillion (Reuters).

Specifications

Coverage

Consumer
Merchant Global

Currencies

Consumer MYR
Processing MYR
Settlement USD

Features

Recurring payments
One-click payments
Refunds
Partial refunds
Multiple partial refunds
Payment assurance
Chargeback risk

How it works

1
Merchant

At online checkout, the consumer chooses GrabPay as the preferred payment method

2
Payment method

The consumer enters their Grab-registered mobile number

3
Payment method

The consumer receives a one-time, six-digit code via SMS to authorise payment

4
Payment method

The consumer reviews the transaction and confirms purchase

5
Merchant

Payment is confirmed

Want to integrate GrabPay Malaysia onto your platform?

Get in touch

Why GrabPay Singapore

In 2022, GrabPay had an estimated 4.9 million users in Singapore (Statista). That’s 96% of the island state’s adult population (PPRO Almanac).

Credit card penetration in Singapore is just 51% (PPRO Almanac) and 2 million Singapore consumers are underbanked – making GrabPay important to any e-commerce strategy.

Accepting online payments with GrabPay is also 20-40% less expensive than with credit cards, making GrabPay a cost-effective payment choice.

Specifications

Coverage

Consumer
Merchant Global

Currencies

Consumer SGD
Processing SGD
Settlement SGD

Features

Recurring payments
One-click payments
Refunds
Partial refunds
Multiple partial refunds
Payment assurance
Chargeback risk

How it works

1
Merchant

At online checkout, consumer chooses GrabPay as the preferred payment method

2
Payment method

Consumer enters their Grab-registered mobile number

3
Payment method

Consumer receives a 6-digit one-time code via SMS to authorise the payment

4
Payment method

Consumer reviews the transaction and confirms the purchase

5
Merchant

Payment is confirmed

Want to integrate GrabPay Singapore onto your platform?

Get in touch