GrabPay partners with the Malaysian government for the ePENJANA initiative

Source: IBS Intelligence 2020-08-04

Grab has announced its partnership with the government in Malaysia where the company’s e-wallet GrabPay will be a part of the government’s ePENJANA initiative which began on July 31, 2020. The initiative will see the government channeling RM750 million into the hands of an estimated 15 million e-wallet users to help local businesses recover by encouraging them to shop for their wants and essentials.

Since the movement control, Grab has apprised that it has advocated safe, convenient, and contactless payment by enabling Malaysians to still have access to their daily necessities such as food, deliveries, and groceries from the comforts of their home. The company has mentioned that it has noted over 60 percent growth of GrabPay users within the first few weeks of the movement control. Since the initial cashless initiative that was mooted by the government, 70 percent of the RM30 claimants spent the money at the GrabPay merchants, with almost 50 percent of users, who are said to be still active users in the ecosystem.

Corresponding to the RM50 contribution from the government, Grab will be topping up an additional RM50 worth of vouchers which can be used for any services by the company or at any of Malaysia’s restaurants or shops nationwide. Claimants can also earn GrabRewards points which can be used as savings for any online or offline transaction. The company has mentioned that it intends to encourage Grab users to embrace a fully digital lifestyle such as to use the MySejahtera app to help ease tracing movements in the new normal.

As with any form of payment method, safety and security are important hence Malaysians need to educate themselves on protecting their e-wallets. Therefore, the company is committed to partnering with the government and like-minded partners to build an educated and resilient Malaysia powered by a digital economy.

Grab

GrabPay

GrabPay partners with the Malaysian government for the ePENJANA initiative

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