GrabPay users in Philippines can now top up using Bitcoin, Ethereum, USDC, and USDT through Triple-A and PDAX partnership.
Grab app users in Philippines can now top up their GrabPay wallet with cryptocurrencies, marking an important step in integrating digital assets into daily services. This feature is realized through a three-party collaboration between Grab, Triple-A – a digital asset payment solution provider, and PDAX – the leading digital asset exchange in Philippines.
This is an expansion from the successful implementation of a similar feature in Singapore in 2024. After noting positive feedback from Singapore users, Triple-A collaborated with PDAX to bring this service to the Philippines market, offering local users a more flexible and advanced top-up experience.
Users can top up their GrabPay wallet with four main cryptocurrencies: Bitcoin (BTC), Ether (ETH), USDC, and USDT. The top-up process is designed simply with five steps: selecting "Cryptocurrencies" as the top-up method, choosing the token type and blockchain network, entering the amount in pesos, transferring tokens from a personal wallet to the provided address, and confirming the transaction with immediate recognition in the GrabPay wallet.
Promoting Financial Inclusion and Practical Application
Eric Barbier, Triple-A's CEO, shared about the successful deployment in Singapore and expectations in Philippines. "We had a successful launch of GrabPay top-up with crypto assets in Singapore, and user feedback was very positive. Now, we are very excited to bring this service to Philippines – a market ready for digital currency," he emphasized about the potential of Southeast Asia.
CJ Lacsican, Grab's Metro Area Vice President and Group Finance Director in Philippines, noted that crypto asset integration demonstrates a commitment to promoting financial inclusion. "By providing more accessible digital solutions, we hope to empower a wide range of people, especially those with limited access to traditional banking systems or who prioritize digital currency for its convenience."
PDAX plays a crucial role as a modern asset management platform, serving millions of users nationwide with access to cryptocurrencies, tokenized bonds, and other digital investment products. Nichel Gaba, PDAX's CEO, noted that Philippines is one of the countries with the highest cryptocurrency asset users globally, and this partnership will expand practical use cases.
This three-party collaboration lays the foundation for secure and safe cryptocurrency transactions in daily services like ride-hailing, delivery, and digital payments. Triple-A is licensed by the Monetary Authority of Singapore and the US Financial Crime Network, while PDAX is regulated by the Central Bank of Philippines. All transactions comply with global standards for cybersecurity, fraud prevention, and user data protection.
