Grab announced today that GrabPay has been selected to participate in the government’s MYR450 million e-Tunai Rakyat initiative alongside two other e-wallet big wigs—Touch ‘n Go eWallet and Boost. The programme is set to kick off on 15 January 2020 and is expected to benefit 15 million eligible Malaysians.
In an official press statement, Sean Goh, country head of Grab Malaysia said, “We welcome and fully support our government’s progressive move to accelerate the adoption of e-wallets and digital payments among Malaysians. While mobile penetration and the awareness of mobile payments is at 88%, according to Nielsen, only 8% of Malaysians use e-wallets.”
Under the programme, Malaysians above 18 years who earn less than MYR100,000 annually will be entitled to receive a one-off MYR30 credit into their e-wallet of choice. The campaign will kickstart on 15 January 2020 and will run for two months until 14 March 2020.
To claim the incentive, follow these steps:
- Tap Claim It Now on the e-Tunai Rakyat option in the GrabPay Wallet
- Confirm your eligibility
- Verify your identity
- Submit a selfie
According to Grab, MYR30 credit in the GrabPay Wallet can be used for various means including to pay at physical merchant stores and online shopping, pay for Grab rides and GrabFood orders, spend at GrabMart—the latest on-demand goods delivery service, pay for prepaid top-ups, as well as GrabExpress delivery.
You can’t however, transfer credit to another person or withdraw as cash. Also, you’ll need to spend the MYR30 incentive by 15 March 2020. After the expiry date, the remaining MYR30 balance will transferred out of your GrabWallet. Personally, I’m extremely certain that this amount will be effortlessly spent within the stipulated time.