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.
Want to integrate GrabPay Singapore onto your platform?
Get in touchWhy 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
Currencies
Features
Payment flow
At checkout, consumer selects GrabPay as their preferred payment method
Consumer redirects to a GrabPay HPP and enters their mobile phone number
Consumer receives a 6-digit code via SMS on their mobile phone
Consumer enters the 6-digit code on the GrabPay page to continue
If the consumer has a Grab account linked with this mobile number, they will see a summary of the transaction and the account balance. They review the details and confirm the payment
Payment is confirmed and merchant is notified of the transaction status