4213 views

GrabPay integrates MyInfo into user verification process

The new feature will be available to all users by end of June 2019.

Grab partnered with the Government Technology Agency of Singapore (GovTech) to launch a user verification feature on its GrabPay wallet that allows users to authorise the retrieval of personal data from MyInfo, GovTech’s digital identity service.

According to an announcement, the new feature will be progressively rolled out and will be available to all users by end-June 2019.

As a regulated e-wallet, Grab is now required to perform customer identity verification on GrabPay users through Know Your Customer (KYC).

“Today, three-quarters of our customers use GrabPay daily and close to 9,000 merchants accept GrabPay as a payment option. As we roll out more services and give our users more reasons to go cashless, we know that it is important to ensure that they can do it with a peace of mind. The new user verification feature will help to further strengthen GrabPay’s security,” said Gary Wong, head of GrabPay Singapore.

MyInfo, on the other hand, reduces manual form-filling and eliminates the need to submit supporting documents such as photos of the NRIC.

To perform authentication with MyInfo, GrabPay users simply need to log -in to their SingPass account via the Grab app and provide consent to the retrieval of personal data. Users will receive a notification when Grab has verified and upgraded the account within three working days.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.