Tag "Grab"

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

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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

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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

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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

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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

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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

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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

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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

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Grab Doubles Down in Indonesia With Investment in E-Wallet LinkAja and New Tech Center

Grab doubles down on Indonesia by leading a Series B funding round worth US$100 million in Indonesian e-wallet LinkAja and the establishment of a new Tech Center. The funding round includes investments from Telkomsel, BRI Ventura Investama, and Mandiri Capital

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Grab Launches a Fully Digital GrabPay Card in Philippines

Grab announced today the launch of the GrabPay Card in the Philippines, a fully digital prepaid card powered by Mastercard that extends GrabPay’s reach globally with unparalleled card security, hassle-free online payments and expanded rewards ecosystem to bring the convenience

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