New: Download the App to get paid sharing knowledge with professionals.

GrabPay Card launches in The Philippines; powered by Mastercard.

40% of Filipino consumers are using contactless payments.

Alfred Lee 3 Jun, 2020

GrabPay Card launches in The Philippines; powered by Mastercard.

Ride-hailing giant, Grab, has launched GrabPay Card in the Philippines, powered by Mastercard.

The GrabPay Card is a physical prepaid card that works together with the Grab app, where the balance of the card is tied to user's e-wallet balance.

Consumers can use the card just like any other debit card to make online purchases, or on contact-less payment terminals that accept Mastercard cards.

A closer look at the GrabPay Card.

As of today, approximately 40% of Filipino consumers are using contactless payments more often, with approximately $865 million worth of transactions taking place between April 1st - April 24th this year.

The government of Philippines also aims to gradually phase out the use of cash in its society in the coming years, eventually migrating fully to digital payments.

“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 GrabPay Philippines head Jonny Bates.

Alfred LeeAuthor

Journalist at BEAMSTART. I write about breaking business news in the region.

Share this Story

More Stories

BEAMSTART News covers the latest stories on Business, Finance, and Opportunities in Asia. We are an extension of global partnerships platform BEAMSTART.

Stay updated with us via our channels below:


Download the App

Be part of the global community of CEOs, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

© 2016 - 2020 BEAMSTART. All Rights Reserved.