What is the 1% fee for Grab?

Grab Announces 1% Transaction Fee for Credit Card Top-Ups

Grab, the leading Southeast Asian superapp, will be implementing a 1% transaction fee on all credit card top-ups to GrabPay wallets, effective September 11th, 2023.

Impact on Users

This adjustment affects users who add funds to their GrabPay wallets using credit cards. For every $100 top-up, a $1 transaction fee will be applied.

Reason for the Fee

According to Grab, the transaction fee is being introduced to cover the increased costs associated with processing credit card transactions.

Alternative Payment Methods

Users who wish to avoid the transaction fee can opt for alternative payment methods such as debit cards, bank transfers, or cash top-ups via Grab’s network of physical top-up points.

Implementation Date

The 1% transaction fee will be applied to all credit card top-ups made to GrabPay wallets starting on September 11th, 2023.

User Recommendation

Grab recommends users to plan their GrabPay wallet top-ups accordingly and consider alternative payment methods if they wish to avoid the transaction fee.