Grab, Southeast Asia’s leading everyday everything app, recently celebrated GrabPay’s recognition as the Best e-Wallet at the Malaysian e-Payments Excellence Awards 2019 with their merchant-partners in a Partner Appreciation Night.

THE annual e-Payments Excellence Awards is given out by PayNet – Malaysia’s central payment network infrastructure that is owned by Bank Negara Malaysia and a consortium of eleven (11) local financial institutions.

The award recognises GrabPay’s sustainable ecosystem and rapid growth in the digital payments arena and contribution to push Malaysians to adopt cashless payments. Since December 2016, GrabPay has been slowly introducing Malaysians to a cashless payment option by paying for transport services via debit / credit card.

In 2018, Grab launched the vision to be the everyday app to meet the daily needs of users through the GrabPay e-wallet. With new services like GrabFood and a robust partner network of both financial institutions and non-
financial merchants, this has increased the adoption of virtual payments innovatively, which is in with the government’s push to move Malysia forward in the digital economy.

Ooi Huey Tyng, Managing Director of GrabPay Malaysia, Singapore and the Philippines attributed the recognition to “our product, technology and our people.” She elaborated that Grab’s partnership approach has propelled GrabPay as a seamless and safe payment method that looks beyond payment for Grab services and nurture a cashless culture.

“GrabPay has stayed true to its vision of providing convenience, security and value to both our consumers and merchant-partners. We are working with partners to create an impact by providing more reasons to adopt cashless through new features like Pay Later, Online Acceptance, Pay with GrabRewards points. (Please refer to the Appendix for more info about some of the key features GrabPay has introduced)

In addition to these features, merchant-partners present at the appreciation night were also given a snippet of upcoming features that would not only enhance their convenience as a partner, but also help them grow their business better through marketing initiatives and product enhancements by Grab.

“Our partners benefit from our ecosystem and as we celebrate our first anniversary in Malaysia, the recognition from Paynet is a further validation of our approach to develop a robust and user-friendly ecosystem that caters to a seamless cashless solution to our consumers and merchants,” added Ooi.