Grab launches payments card as it awaits nod for digital banking licence

Southeast Asia’s ride-hailing major Grab on Thursday launched a digital and physical payments card, GrabPay Card, in Singapore, according to an announcement. Going forward, it plans to roll it out in other Southeast Asian countries next year, beginning with the Philippines in the first quarter.

According to a statement, GrabPay Card allows users to make payments at over 53 million merchants from Mastercard’s network worldwide. Users may also use it to purchase insurance and redeem online rewards. The card is completely numberless on its front and back, designed specifically to prevent personal and financial theft.

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