Grab has begun rolling out it’s latest payment option: Grab PayLater. As the name suggests, users will be able to choose to settle their Grab payments as a single lump sum at the end of the month.<\/p>\n
Users who elect to use the PayLater function will not have funds deducted from their e-wallet or have their credit card charged when using Grab rides, GrabFood, or GrabExpress. Instead, the total charges will be added to a bill that becomes due at the end of the month.<\/p>\n
Basically, it acts like a credit card.<\/p>\n
Adding to the credit card analogy is the limits placed on how much the bill is allowed to accumulate. Instead, Grab provides each user with a pre-approved limit “based on their user profile”. How this is calculated is unknown, and there is no way to increase the limit at the current time.<\/p>\n
However, unlike credit cards, Grab PayLater does not charge interest fees and does not have any additional charges if the user pays on time. In fact, the only penalty for missing a payment seems to be a RM10 administrative charge (aside from having the PayLater option suspended).<\/p>\n
This payment option is not new to Grab; the company having already introduced it in Singapore. Similarly, e-wallet companies in Indonesia have been experimenting with a monthly bill feature.<\/p>\n
Not everyone is able to access PayLater at this moment, as it appears to only be available to certain users. Presumably this is the start of a slow roll and we can expect Grab to bring the feature to more people over time.<\/p>\n","protected":false},"excerpt":{"rendered":"
Settle your Grab payments as a monthly bill.<\/p>\n","protected":false},"author":36,"featured_media":39847,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11,216],"tags":[343,394],"class_list":["post-39842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cards","category-news-updates","tag-e-wallet","tag-grab"],"acf":[],"yoast_head":"\n