I think Pauline hit the nail on the head with her comment: just how many nails does Grab want in their coffin? I wasn’t expecting to have to write another “Grab nerf” article this soon, but here we are.
While we expect the Grab game to be done and dusted come 4th April after American Express removes rewards from the last remaining few cards that give miles/cashback for Grab top-ups, Grab has quietly made further nerfs to its wallet app. Since 30th March 2023, insurance companies along with other merchants, can only be paid via transferrable GrabPay credits.
Transferrable vs non-transferrable credits
For those who are not familiar, money in your GrabPay wallet are separated into transferrable funds and non-transferrable ones. When you top up your GrabPay wallet, there is an indication whether the funds are transferrable. Typically, amounts topped up via bank accounts, PayNow, or debit cards are considered transferrable, while top-ups done via credit cards are non-transferrable....