A GrabPay credit card / Source: Grab
Grab has announced that it will cease support for its GrabPay Card, both digital and physical, from June 1, 2024.
Since April 1, the super app has stopped accepting new GrabPay Card applications, while users still have until April 30 to request a replacement card if needed.
Meanwhile, users’ GrabRewards points and the GrabPay Wallet balance won’t be affected once the card service ends. Points will stay valid if users make at least one points-earning transaction each month.
The company launched GrabPay Card services in 2019, as part of its partnership with the payment giant Mastercard. The services were first rolled out in Singapore, and then the Philippines, followed by other Southeast Asian countries.
“We have observed much higher adoption and use of other Grab offerings (such as PayLater by Grab, GrabPay Wallet) that better cater to the needs of our users,” Grab said in a statement.
For that reason, the company plans to focus on “refining these products to provide an even better user experience.”
While it has closed its door for its card offering, Grab recently partnered with crypto payments provider Triple-A to for the GrabPay app in Singapore.
The tie-up enabled Grab to add support for e-wallet top-ups using digital tokens. The new feature supports major coins like bitcoin, ethereum, USDC, and USDT, as well as XSGD, a blockchain-powered stablecoin linked to the Singapore dollar.
See also: Why Grab’s shares declined despite its ‘strong’ Q4 results
Editing by Miguel Cordon and Dhania Putri Sarahtika
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