GrabPay rated most popular e-wallet here over past two years

It can be used to pay for services offered by Grab, report notes

Consumers can now pay for goods and services using a wide range of e-payment options. A report by JP Morgan this year showed that 14 per cent of e-payments here are now made using a digital wallet. It also predicted that the use of digital wallets wo
Consumers can now pay for goods and services using a wide range of e-payment options. A report by JP Morgan this year showed that 14 per cent of e-payments here are now made using a digital wallet. It also predicted that the use of digital wallets would rise over the next two years, to make up 22.5 per cent of all sales by 2021.
 ST PHOTO: KUA CHEE SIONG
Updated
Published
November 1, 2019 at 5:00 AM
New: Gift this subscriber-only story to your friends and family

GrabPay has emerged as the most popular e-wallet in Singapore over the past two years, as e-payment systems catch on in the city-state. It was followed by e-wallets DBS PayLah!, FavePay, EZ-Link app and Alipay.

A report by meta-search website iPrice Group, in collaboration with mobile data and analytics platform App Annie Intelligence, showed that the contactless payment rendered by Grab has been the most actively used e-wallet app by Singaporeans since the end of 2017.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

ST One Digital

 $9.90/month

No contract

ST app access on 1 mobile device

Subscribe now

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on November 01, 2019, with the headline GrabPay rated most popular e-wallet here over past two years. Subscribe

Available for
iPhones and iPads
Available in
Google Play

MCI (P) 031/10/2021, MCI (P) 032/10/2021. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2021 SPH Media Limited. All rights reserved.

Back to the top