GrabPay Singapore
Credit card penetration in Singapore is just 49% and 2 million Singapore consumers are underbanked - making GrabPay important to any e-commerce strategy. In 2022, GrabPay had an estimated 4.9 million users in Singapore which is 96% of Singapore's adult population.
GrabPay - Singapore
Features
Method Type
Wallet
Consumer Country
Singapore (SG)
Payment Currency
Singapore Dollars (SGD)
Settlement Currency
Indian Rupees (INR)
Refund Supported
Full refund
Partial refund
Multiple Partial refund
Chargeback
No
Minimum Transaction Amount
SGD 5
Maximum Transaction Amount
SGD 3000
Timeout
60 mins
Global Payments methods
Supported by PayGlocal
Frequently Asked Questions
Global payment methods, also referred to as alternate payment methods are non-cash payments that are preferred modes of payments in different geographies.These can be bank transfers, local card schemes, mobile payments or e- wallets.