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November 16, 2018

Grab unveils region’s first wallet-to-wallet remittance product

  • Grab Financial, Southeast Asia’s #1 fintech player, reveals plans for its first cross-border remittance product at the 33rd ASEAN Summit
  • Innovative and competitive remittance product a launchpad for ASEAN-travel wallet, which can drive intra-SEA travel and e-commerce opportunities
  • Remittance product will be available from early 2019

Others
November 12, 2018

UOB and Grab announce strategic regional alliance to accelerate the use of digital services among ASEAN’s consumers

    Alliance will fuel Grab’s ambition to build ASEAN’s first everyday “super app” and complement UOB’s efforts to scale up its regional customer franchise

Others
November 8, 2018

KASIKORNBANK partners with Grab to join the largest fintech ecosystem in Southeast Asia

  • Partnership introduces GrabPay by KBank, a co-branded mobile wallet, and a suite of other financial solutions in Thailand
  • Announcement makes Grab Financial the first mobile wallet and financial services platform available in all ASEAN-6 markets, just 6 months after its launch
  • KBank makes a strategic investment as part of Grab’s ongoing fundraising round

Others
October 25, 2018

Grab and Mastercard to launch prepaid cards for Southeast Asia’s 400 million unbanked

  • Integration of Mastercard prepaid card with GrabPay, will make it one of the first e-wallets at scale from Southeast Asia to be accepted worldwide
  • With a card linked to SEA’s leading everyday app Grab, millions of customers will be able to pay cashless and collect rewards points with merchants globally for the first time
  • Partnership to combine strengths of the Grab app’s presence in +110 million mobile phones in SEA and Mastercard’s three million-strong network of merchant outlets

Others
March 13, 2018

Grab and Credit Saison Form Financial Services Joint Venture To Expand Access to Credit for Southeast Asia’s Unbanked

  • Grab Financial Services Asia to provide lending services to millions of unbanked and underbanked consumers, micro-entrepreneurs and small businesses across Southeast Asia
  • Partnership will leverage Grab’s vast datasets to provide reliable alternatives to traditional credit ratings
  • Consumer lending venture to be part of newly launched Grab Financial, the fintech platform within the Grab ecosystem
Others
March 13, 2018

Grab and Chubb sign partnership to provide innovative in-app insurance solutions throughout Southeast Asia

  • Partnership blends the power of Grab’s ecosystem and Chubb’s insurance expertise
  • Initial offerings to include accident, hospitalization and other critical insurance coverage to Grab’s 2.6 million driver-partners, accessible through the Grab driver app
  • Telematics and other data from Grab platform to be used for development of customised and cost-effective insurance products for Southeast Asia
  • Partnership announced as part of the launch of Grab Financial, the fintech platform within the Grab ecosystem

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Business
July 24, 2017

Grab Announces Didi Chuxing and SoftBank As Lead Investors for Current Round of Financing

  • Strategic investment of a combined US$2.0 billion by Didi Chuxing and SoftBank deepens partnership with Grab
  • Grab expects to raise US$2.5 billion in total in current financing round
  • New financing to support Grab’s efforts in strengthening its dominant market position in on-demand transportation and payments in Southeast Asia
Business
June 6, 2017

Grab Celebrates Fifth Anniversary and Significant User Milestones

  • 3x growth in last year to 45 million downloads, and up to 2.5 million daily rides
  • Has provided higher incomes for nearly 1 million drivers and reduced travel time in half across Southeast Asia since founding
  • Adds GrabNow, New Service to Digitise Street Hailing