Grab has expanded its crypto wallet top-up feature to the Philippines, allowing users to fund their GrabPay e-wallets with Bitcoin, Ethereum, USDC, and USDT through a partnership with payments provider Triple-A and local exchange PDAX.
The expansion builds on the successful launch of crypto top-ups in Singapore in March 2024, where Grab became the first major Southeast Asian super-app to integrate direct cryptocurrency payments for everyday services, including ride-hailing, food delivery, and merchant transactions.
According to Adobo Magazine, Filipino users can now select cryptocurrencies as a cash-in method through the Grab app, choose from supported tokens and networks, enter peso amounts, and send crypto from their preferred wallets to the provided addresses.
Source: Adobo MagazineFunds are instantly reflected in GrabPay wallets upon confirmation.
The partnership leverages PDAX’s regulatory compliance with the Bangko Sentral ng Pilipinas and Triple-A’s licensing from the Monetary Authority of Singapore, as well as its registration with the U.S. Financial Crimes Enforcement Network.
The feature represents a significant milestone in Southeast Asia’s crypto adoption, where Grab serves 180 million users across over 500 cities in eight countries.
The integration enables cryptocurrency holders to use digital assets for everyday transactions ranging from coffee purchases to ride bookings.
Southeast Asia Emerges as Crypto Payment Innovation Hub
Grab first ventured into Web3 in September 2023 through a partnership with Circle, enabling Singapore users to create blockchain-enabled wallets for earning rewards and collecting NFT vouchers.
The company later added Polygon-based Web3 wallet support in October 2023, following a collaboration with the central bank of Singapore.
The Polygon pilot featured NFT vouchers usable at the F1 Singapore Grand Prix and eligible merchants, with users receiving digital collectibles depicting Singapore landmarks after voucher redemption.
The initiative lasted until December 2023 as a regulatory testing program.
Singapore has established itself as a regional leader in the adoption of cryptocurrency payments.
Carpooling app Ryde introduced Bitcoin payments in 2020, allowing users to store and convert Bitcoin to RydeCoin with zero transaction costs within its e-wallet system.
The Monetary Authority of Singapore has actively supported crypto payment innovation through sandbox programs and clear regulatory frameworks.
The regulator approved various pilot programs testing purpose-bound digital Singapore dollars and escrow arrangements for online retail payments.
Grab’s crypto integration success in Singapore paved the way for regional expansion, with the Philippines representing the second market to receive the feature.
The company’s 34.9 million monthly users and $567 million quarterly revenue provide substantial scale for crypto payment adoption.
Global Payments Giants Accelerate Crypto Infrastructure Investment
Stripe’s recent acquisitions of crypto wallet infrastructure startup Privy and stablecoin platform Bridge for $1.1 billion have been among the biggest shifts as part of the global momentum toward integrating cryptocurrency payments.
The deal positions Stripe to offer end-to-end crypto infrastructure solutions across 70 countries.
Stablecoins settled $27.6 trillion in transactions during Q1 2025, more than doubling Visa’s entire 2023 settlement volume.
This explosive growth has attracted institutional adoption, with 60% of Fortune 500 companies actively developing blockchain technology initiatives.
The stablecoin market has grown 54% year-over-year, with global holders exceeding 161 million users.
Over 81% of crypto-aware small and medium-sized businesses express interest in adopting stablecoins to address financial challenges.
Stripe launched stablecoin payment options in October 2024 and introduced Stablecoin Financial Accounts, allowing companies in 101 countries to hold and transact in digital dollars.
The accounts support Circle’s USDC and Bridge’s USDB stablecoins.
Major payment processors, including Visa and Mastercard, have accelerated their crypto initiatives, with partnerships enabling stablecoin-backed corporate cards that offer faster cross-border settlements and lower fees than traditional banking systems.
Congressional momentum accelerated with President Trump signing the bipartisan GENIUS Act into law, which establishes clearer regulatory frameworks for stablecoins, while the Senate reintroduced the Blockchain Regulatory Certainty Act.
With this growing momentum, over 80% of institutional investors now plan to increase their crypto exposure throughout 2025, which is already evident in the massive inflows coming in through ETFs.
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