Grab, Uber’s Southeast Asia rival, now offers micro-loans and other financial services

Grab, Uber’s Southeast Asia rival, now offers micro-loans and other financial services

6 years ago
Anonymous $gIi3-PxxKB

https://techcrunch.com/2018/03/13/grab-financial-services-southeast-asia/

Ride-hailing service Grab is being heavily linked with a deal to buy out Uber’s business in Southeast Asia, but those rumors aren’t stopping it from building its fintech platform after announced a financial services unit.

The Singapore-based company has been pushing itself into fintech for some time, with the most visible moment being the launch of its mobile payments service last November. Today, it extended that further still by introducing micro-loans and insurance options for Grab drivers and businesses that use its GrabPay services.