Grab announced today the launch of their GrabPay Card which is available in Singapore starting today. The physical card is completely numberless front and back, the thinking behind this design according to Grab is to avert the prospect of theft and personal financial information.
It also comes with the feature of in-app lock card function that is PIN-protected, allowing users to instantly suspend payments for lost cards, which is relatively common these days mobile payment apps.
Users can apply for the physical numberless card after receiving their digital card. The physical card will be rolled out in batches. The digital GrabPay Card will be launched in the Philippines in Q1 2020, with other Southeast Asian countries to follow in the first half of next year.
The GrabPay Card is a culmination of Grab’s ongoing partnership with Mastercard, with this Grab will have access to all of the merchants worldwide that accepts Mastercard.
