Off the Wire
Grab acquires robo-advisory wealth management startup Bento
Grab acquires Bento, allowing it to offer retail wealth management solutions to users, driver-partners and merchant-partners, via the Grab app. Read more…
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Grab and Singtel team up for digital banking licence in Singapore
Grab Holdings and Singtel are forming a consortium to apply for a digital full bank licence in Singapore. Read more…
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Grab introduces first numberless card for increased security
Grab has announced the launch of GrabPay Card, Asia’s first numberless card that the company claims offers users unparalleled card security Read more…
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Malaysia’s competition regulator wants to fine Grab $20.5m
Malaysia’s competition regulator has proposed a fine of over 86 million ringgit ($20.5 million) on ride-hailing firm Grab for violating competition law. Read more…
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Grab ups the ante in on-going battle with Gojek
Grab is in talks to merge OVO, an Indonesian digital payments firm, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek. Read more…
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Ride-hailing firm Grab plans major investment in Vietnam
Singapore-based ride-hailing firm Grab is set to invest “several hundred million dollars” in Vietnam where the company sees its next major growth market. Read more…
Off the Wire
Grab helps Indonesia to be largest digital economy in SE Asia
Grab will invest US$2 billion into Indonesia with the capital invested by SoftBank, to accelerate the development of the country’s digital infrastructure. Read more…
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Grab explores digital-only banking licence in Singapore
Grab is close to hiring a consultancy to advise it on its banking potential and is gearing up to apply for a digital-only bank licence in Singapore Read more…
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Grab looks at spinning off financial services unit
Singapore-based Grab has mandated a few banks to approach potential investors to take minority stakes in its financial services business Read more…
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Grab raising another $2B to ramp up expansion in Southeast Asia
Grab is looking to raise another $2B this year to ramp up expansion in what has become Southeast Asia’s largest round of private financing. Read more…