Tag "Grab"
Grab’s CFO Peter Oey Sells Stake Worth US$1.1 Million
Grab’s Chief Financial Officer Peter Oey has sold his stake in the Southeast Asian superapp worth US$1.1 million according to a report by Bloomberg. Oey and, one affiliated person Eve Oey, sold 341,202 shares at an average price of US$3.17
Read More
Grab Prepays US$600 Million in Debt Ahead of 2026 Maturity
Southeast Asian superapp Grab has prepaid US$600 million (S$806.82 million) in debt ahead of a 2026 maturity as it had excess cash on its balance sheet, according to a report by Bloomberg. This move brought down its debt under an outstanding
Read More
Grab Singapore Appoints Parliament Member for Public Affairs and Policy Role
Ride-hailing giant and superapp Grab has appointed Member of Parliament (MP) Tin Pei Ling as its Director of Public Affairs and Policy for Singapore. Tin had begun serving in her new role in January and her new appointment came to
Read More
Grab Promotes Philipp Kandal to Chief Product Officer
Southeast Asian superapp Grab announced that it has promoted Philipp Kandal to Chief Product Officer, effective 1 February 2023. As Chief Product Officer, Philipp will oversee the product, design and analytics teams as well as lead the product vision and
Read More
Grab Taps Alejandro Osorio to Lead Its Next Phase of Growth in Vietnam
Southeast Asian superapp Grab announced the appointment of Alejandro Osorio as its Managing Director in Vietnam. In his new role, Alejandro will be overseeing the business strategy and operations across all of Grab’s businesses in the country. Alejandro most recently
Read More
Top 5 Most Popular Financial Super Apps in Asia
In Asia and elsewhere, financial super apps (also known as fintech super apps) are mobile applications that offer a wide range of financial services, including banking, investment, and insurance. These apps have gained popularity in recent years due to their
Read More
Are Digital Banks Breeding a Risky Competitive Climate in Singapore?
Technological developments have accelerated the transformation of financial services, leading to the explosion of digital banks worldwide. In Singapore, the entry of digital banks into the local financial system is driving economic innovation and enhancing financial inclusion, according to a
Read More
Reuben Lai Is the Latest in a Series of High Profile Exits for Grab’s Fintech Business
GXS Bank (GXS)’s executive director and Head of Regional Office, Reuben Lai, has decided to leave the Bank at the end of 2022. Along with his resignation as an executive director, Reuben will be stepping down from his appointment as
Read More
Grab Participates in StraitsX’s Pilot Use of Tokenised Digital Vouchers at SFF 2022
Fazz financial group’s StraitsX and Grab are testing the issuance of Purpose Bound Money (PBM) with 5,000 trial participants during Singapore Fintech Festival (SFF) as one of four trials under MAS’ Project Orchid. Participants will be able to utilise PBM
Read More
MAS Initiates Digital Singapore Dollar Trials
The Monetary Authority of Singapore (MAS) has published a report detailing potential uses of a purpose-bound digital Singapore dollar (SGD) and the supporting infrastructure required. The report also marked the successful completion of Phase 1 of Project Orchid which explored
Read More