GrabPay Wallet introduces Digital Payment Tokens as additional top-up method

March 20, 2024

Grab, Southeast Asia’s leading super app, recently introduced “Digital Payment Tokens” as an additional option for users to top-up their GrabPay Wallet. This latest integration (in partnership with Triple-A), now allows Grab users based in Singapore the flexibility to fund their GrabPay Wallet balance with various digital assets including BTC, ETH, USDC, USDT, and XSGD (The StraitsX Singapore Dollar).

Top-up your GrabPay Wallet balance with XSGD

At present, while other supported digital support tokens may incur additional exchange spreads, holders of XSGD can enjoy the benefit of a one-to-one exchange rate with their SGD GrabPay Wallet balance, without any hidden FX fees or additional exchange spreads charged.

To get started:

  1. Navigate to 'Finance' on your Grab App
  2. Select 'Top Up'
  3. Select 'Digital Payment Tokens'
  4. Select 'XSGD' and choose a blockchain network (XSGD ERC-20 or XSGD Polygon) for your top-up
  5. Initiate an outbound transfer of XSGD via your StraitsX account dashboard, exchange platform, or your preferred custodial or non-custodial blockchain wallet

With XSGD now a supported option for topping up GrabPay Wallet, this latest integration offers Grab users the convenience and reliability of XSGD for everyday transactions. In leveraging a strong historical partnership, StraitsX and Grab have now marked yet another milestone in a shared commitment to provide more seamless and innovative financial solutions to users across Southeast Asia.

About GrabPay Wallet

GrabPay Wallet is a licensed e-money wallet containing a topped-up balance. Users can use it to shop online, make payments, transfer funds and earn rewards on transactions. GrabPay Wallet currently supports various top-up methods including credit or debit card payments, bank transfers, PayNow, and digital payment tokens.

Grab does not directly manage or hold cryptocurrencies, and relies on their ongoing partnership with Triple-A to provide instant conversion of digital payment tokens into fiat with bank settlements, ensuring Grab is shielded from market volatility without having to hold custody of digital payment tokens.

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