Grab users in the Philippines can now add funds to their GrabPay wallets using cryptocurrencies, following a new partnership between Grab PH, payments provider Triple-A, and local digital asset exchange PDAX.

This service allows users to top up their wallets with Bitcoin (BTC), Ether (ETH), and the US dollar-backed stablecoins USDC and USDT.

The move follows an initial launch of the service in Singapore in 2024 through a partnership between Grab and Triple-A.

CJ Lacsican, an executive at Grab Financial Group in the Philippines, said the integration reflects the company’s commitment to improving financial inclusion.

“By offering more accessible, digital-first solutions, we aim to empower a wider spectrum of Filipinos — especially those with limited access to traditional banking or those who prefer the convenience of digital currencies,” CJ stated.

The partnership aims to serve the large number of existing cryptocurrency holders in the country.

According to Nichel Gaba, PDAX Chief Executive Officer, the Philippines has one of the largest crypto user bases globally

“Through this partnership, we’re thrilled to offer accessible use cases that will both support the existing crypto community and drive greater adoption of cryptocurrency,” Nichel mentioned.

The companies noted that the service operates under their respective regulatory frameworks.

Triple-A holds a licence from the Monetary Authority of Singapore, while PDAX is a regulated entity under the Bangko Sentral ng Pilipinas, ensuring the top-up function meets security and data protection standards.

Featured image by user35692504 via Freepik.