Tag "Grab"

Grab’s Digibank Deposits Reach US$479M, Driven by Growth of Malaysia’s GXBank

Singaporean multinational technology company Grab Holdings released its unaudited financial results for the first quarter ended 31 March 2024, revealing a significant increase in customer deposits in its digital bank business. Deposits from customers in Grab’s digital bank business were

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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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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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Amazon Offers Exclusive Merchandise through Blockchain Wallets at SFF 2023

Amazon, StraitsX (part of Fazz) and Grab have launched an industry pilot at the Singapore Fintech Festival (SFF) that allows users to connect their blockchain wallet to redeem exclusive merchandise. The pilot is built on the Monetary Authority of Singapore’s

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Singapore’s BNPL Firms Must Comply With Code of Conduct by Nov 2023

The Buy Now, Pay Later (BNPL) Code of Conduct, developed by the BNPL Working Group, has entered its next phase of implementation. The working group was formed by the Singapore Fintech Association (SFA) and industry players under the guidance of

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Grab Vietnam Users Can Now Pay with MoMo

Vietnam’s fintech unicorn MoMo and Grab Vietnam announced today that they have integrated the former’s payment solution into the ride-hailing and food delivery superapp. This will allow users in Vietnam to make cashless payments within the Grab app using MoMo’s

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MP Tin Pei Ling Appointed at DCS Card Centre After Short Stint at Grab

MP Tin Pei Ling has joined DCS Card Centre as the managing director for strategic partnership and business development. This information, initially shared by Pei Ling on LinkedIn in August, comes as she moves into a role that involves building

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