Ride-hailing giant Grab recently launched a feature to allow users in Singapore to authorize use of their personal data in a bid to beef up security on its GrabPay wallet app.
The feature will be available to all users by the end of the month, and it will allow Grab to do away with manual form-filling as part of the mandatory Know Your Customer process.
Singaporean GrabPay users will need to log into their SingPass account through the Grab app and consent to the retrieval of personal data for authentication with the MyInfo government service.
Users will receive a notification when Grab has verified and upgraded the account within 3 working days.
Grab said it would increase the annual transaction limit to S$30,000 (US$21,939) from S$5,000 (US$3,656.50) for users who complete the process.
It also plans to allow verified users to make inter-wallet transfers and introduce Mastercard prepaid cards to pay for Grab services across Southeast Asia
Grab rolls out security feature on wallet app