Grab has introduced yet another payment option with GrabPay Credits. This cashless option allows users to store credits on their account for use with Grab; which works out to be a sort of prepaid transaction system.
This option allows Grab users without a credit card to use cashless payments, as the credits can be bought from convenience stores or banks. Grab notes that credit card proliferation in Southeast Asia is still low in comparison with more developed countries. The company is trying to find ways to retain the cashless payment system while catering to the masses who are unable to access electronic transactions.
GrabPay Credits can be obtained from banks and participating convenience stores. The physical stores happen to only cover 7-Eleven and Kedai Mesra Petronas for now; and it looks like the actual transaction is handled using MOL points.
Aside from that, GrabPay Credits functions is precisely the same way as any other payment method. Although it saves the driver the need to have extra cash on hand in the event that someone doesn’t want to use their credit card to pay for the ride.