Grab, which operates in 480 cities in eight countries, has more than five million registered drivers and more than two million merchants on its platform. Photo: Reuters.
Southeast Asia’s popular superapp Grab has folded all its finance related services, including digital payments, insurance and wealth management offerings, into a new brand called GrabFin, the Straits Times reported.
The new brand will be rolled out in Singapore and Malaysia, where the firm recently won digital banking licences, the report said, adding that GXS Bank, Grab’s digital banking venture with Singapore telecom firm Singtel, will be launched in July-December.
Read the full report: The Straits Times.
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