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Abnk, Atome, Grab, and SeaMoney Earn Singapore BNPL Compliance Trustmark
Abnk, Atome, Grab, and SeaMoney have been awarded the accredited Trustmark by the Singapore Fintech Association (SFA) and the Buy Now, Pay Later (BNPL) Working Group as of 19 April 2024. This distinction, effective from 1 May 2024, allows consumers
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Grab to Discontinue GrabPay Card in June, Citing User Preference for PayLater, Wallet
Southeast Asian ride-hailing superapp Grab has declared that its GrabPay Card service will be phased out, effective 1 June 2024. The decision affects both digital and physical versions of the card. Starting from 1 April 2024, Grab will cease accepting
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Singapore Users Can Now Top up GrabPay Wallet Using Crypto and Stablecoins
Southeast Asian ride-hailing super app Grab has teamed up with licensed crypto payments provider Triple-A to introduce a feature that allows its users to top up their GrabPay Wallets using Digital Payment Tokens. This top-up method went live on 12
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Former Grab Exec Mehrotra Leads JULO to Profitability, Eyes IPO Plans
JULO, an Indonesian fintech offering digital peer-to-peer lending, has announced it reached an annual recurring revenue surpassing US$120 million in 2023. The company also reported a 50% increase in its loan disbursement volume for the year, alongside achieving operational profitability
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GoTo Shoots Down Rumours of Merger Talks With Grab
Indonesia’s GoTo Group, a ride-hailing service in Southeast Asia, denied reports that it is discussing a merger with Grab Holdings, another major player in the region. This announcement comes after speculation that the two companies were considering a deal, potentially
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Former Grab Leader Saad Ahmed to Spearhead Gemini’s APAC Expansion
Gemini, an American crypto exchange founded by twins Tyler and Cameron Winklevoss, has announced the appointment of Saad Ahmed as the new Head of Asia Pacific (APAC). The former APAC chief Jeremy Ng left the company back in December 2021.
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GXS Bank Receives Continued Backing from Grab with US$109 Million Injection
Southeast Asian superapp Grab funneled an additional S$145.10 million (approximately US$109 million) into GXS Bank. This move was made through its wholly-owned subsidiary As-DB Holdings Pte Ltd., according to regulatory filings obtained by DealStreetAsia. GXS Bank, a joint venture between
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Ant International, Grab, StraitsX Explores Use of Digital SGD for Cross-Border Payments
Ant International, Grab, and StraitsX (part of Fazz) announced a collaboration to look into the potential of Purpose Bound Money (PBM) for cross-border payments. PBM is a protocol that specifies the conditions upon which an underlying digital currency can be
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