Tag "Grab"
Grab Financial Group Launches E-Commerce Webstore Builder to Empower SMEs
Grab Financial Group (GFG) has launched GrabMerchant Commerce, a webstore builder platform to boost sales and reduce operational work as well as payment risks for small and medium enterprises (SMEs). The introduction of the webstore builder platform is a part
Read More
Mastercard, Grab to Provide Digital Upskilling for Millions of Informal Workers and SMEs
Mastercard and Southeast Asian superapp Grab announced a regional partnership to provide millions of informal workers and small businesses on the latter’s platform access to digital upskilling opportunities This push to advance digital and financial inclusion in the region aims
Read More
Grab Deepens Partnership With Payments Firm Adyen to Expand Its BNPL Offering
Grab has deepened its partnership with payments platform Adyen by enabling more merchants, starting in Singapore and Malaysia, to offer its PayLater service to consumers. Available through the GrabPay wallet, merchants will now be able to offer PayLater payment methods
Read More
What Have Singapore’s Digital Banks Been up To?
It has been six months since The Monetary Authority of Singapore (MAS) announced the four successful applicants for Singapore’s inaugural digital banks. A Grab-Singtel consortium and SeaMoney (an entity wholly owned by Sea Group) snagged digital full bank (DFB) licenses
Read More
The Future of Finance: How to Cope With Open Banking In Emerging Asia
For more than a decade, Asia has been the largest regional banking market and as the continent’s massive middle class continues to grow, McKinsey expects personal financial assets in the region to reach US$69 trillion by 2025, or 75% of
Read More
Wise Appoints Grab’s Co-Founder Tan Hooi Ling To Its Board
Wise, a London-based online money transfer service formerly known as TransferWise, has made two recent appointments to its board of directors, one of it being Tan Hooi Ling who is the Co-founder of South East Asian superapp Grab. The other
Read More
Grab Creates 350 Jobs to Bolster Its Financial Services in South East Asia
As part of its regional hiring efforts, Grab expects to create around 350 new jobs in Singapore this year to support its growth plans. These include the expansion of products and services to support the digitalisation of micro SMEs, the
Read More
Grab Upsizes Term Loan Facility to US$2 Billion Following Strong Interest From Investors
Grab, a Southeast Asian superapp, announced the successful close of its first senior secured term loan facility following commitments from international institutional investors. The term loan facility will allow Grab to strengthen its liquidity and diversify its financing sources. The
Read More
Grab’s Fintech Arm Secures Over US$300 Million in Series A Funding Round
Grab Financial Group (GFG), the fintech arm of Grab, announced that it has raised over US$300 million in its Series A funding round, led by Hanwha Asset Management Co. Ltd., South Korean asset management company. Other investors in the round
Read More
Grab Ties up With Citi to Offer in-App Loans
Citi and Grab, South East Asia’s super app, have expanded their partnership in consumer lending with the launch of the bank’s first API-enabled lending capability in Asia Pacific. Beginning with Singapore with more markets in the region to follow, existing
Read More