February 15, 2021
Lianhe Zaobao
At long last, GrabPay allows you to cash out your balance. How does this work, and what are the implications?
While the widespread adoption of GrabPay and the introduction of the GrabPay Mastercard has made your Grab wallet balance ‘as good as cash’, there’s always been that niggling little qualifier-
“as good as”.
That’s why no one likes to be paid back with GrabPay. Once a dollar is within the GrabPay ecosystem, it’s stuck there and you’re committing to spend it in one way or another. It’s not possible to withdraw the money to a bank account, and therefore you don’t have complete autonomy over what you do with it.