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Grab Folds Digital Products Into GrabFin – Straits Times

The new brand will be rolled out in Singapore and Malaysia, where the firm won digital banking licences, the report said


Grab is focusing on higher margins and not planning any mass layoffs like some of its peers, a top executive said.
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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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.