From 1 June 2021, a S$1 processing fee will be charged for GrabPay Wallet top ups made using Visa credit cards.
The fee will only be waived for top ups worth S$400 and above.
According to Grab, the new processing fee will be implemented to “cover the costs levied by the service provider.”
It asserted that there are still a variety of free ways to top up your GrabPay Wallet.
Users of American Express or Mastercard credit cards and all debit cards will still be able to top up their GrabPay Wallet with zero processing costs.
Transfers from other GrabPay users will also not have any fees levied.
How To Top Up Via PayNow VPA?
PayNow Virtual Payment Address, or VPA, is a unique identifier that can be linked to your GrabPay Wallet.
Once linked, users can make PayNow transfers to your VPA from your preferred banking app — a process similar to making PayNow transfers to mobile numbers.
According to Grab, setting up a PayNow VPA will allow users to unlock new GrabPay wallet features, including transferring their balance to bank accounts, other e-wallets, PayNow and GrabPay Wallet users.
Users will be able to make up to two transfers a day from their transferable balance.
To top up one’s GrabPay Wallet via PayNow VPA, users have to first link their PayNow VPA to their GrabPay Wallet.
Once that’s done, they can log in to their preferred banking app and key in their PayNow VPA. They can simply enter the top-up amount and confirm the transaction for an instant, seamless top-up.
Featured Image Credit: Vulcan Post
