Speaking at the Money 20/20 conference at Marina Bay Sands on Tuesday (Mar 13), CEO Anthony Tan announced the launch of Grab Financial, which will encompass Grab's payment system, rewards programme, agent network and financial services.
It is also interesting to note that through this joint venture with Grab to form Grab Financial, Credit Saison is further establishing itself as a strong player in the fintech space in Southeast Asia.
Southeast Asian ride hailing app Grab is expanding into financial services in partnership with a Japanese credit card company, hoping to offer credit to millions of people without bank accounts.
Managing director of GrabPay Southeast Asia Jason Thompson said in a separate media briefing on Tuesday that Ibu Sumiati only has a rolling credit of funds to last 24 hours, so if a robbery happens, her business closes.
According to a statement, the JV, called Grab Financial Services Asia, is part of the launch of Grab Financial, the fintech platform within the Grab ecosystem.
At the heart of the new company's offering is Grab's ability to gather and analyse alternative data points on consumer behaviour, which can be used to develop sophisticated credit and risk assessments. The firm said its taxi app alone generates more than 5 million micro-entrepreneurs, including 2.6 million drivers.
New York Giants Sign Former Panthers Running Back In 2011, he set Panthers records for catches (47) and receiving yards (413) in a season by a running back. He posted a total of 7,318 rushing yards and 51 touchdowns in his time with the Panthers.
Grab has partnered with Credit Saison, a Japan-based lending firm that is likely the country's biggest lender, with a worth of $3 billion and around 70 million credit cards in circulation. Smartphone use is growing the region, however, and Grab now has about 86 million downloads of its mobile app. Grab is present across eight countries in Southeast Asia and has an existing loan book worth over $700 million because of prior campaigns for vehicle financing, insurance, and more such facilities.
Nobody has any data on them; the platform is all designed around them. We want to ensure our driver-partners' hard work pays off and that their income and livelihoods are protected. Our insurance partnership is evolving from traditional group personal accident coverage for drivers to more digital options directly offered from the Grab app. We are excited to have a partner such as Chubb with whom we share this vision.
"Backed by Chubb's global insurance expertise, we are now able to bring this app-based insurance product for the first time to drivers across South-east Asia".
Here's what we understand of Grab Financial.
Beyond that, we can also expect Grab Financial to introduce new insurance products catered to the digital audience in Southeast Asia. These features is said to make it easier for drivers to find rides and secure earnings.
The Europeans have laws banning the use of certain hormones, which make it all but impossible to agree to Trump's terms. Trump's next negotiating tactic, fight back, appears to sum up his determination with changing trade deals.
Authorities said revised expectations for Tuesday's storm were below the 1/4-inch-per-hour rainfall threshold for debris flows. Red Cross has established an evacuation center at Goleta Valley Community Center, 5679 Hollister Ave., Goleta, CA 93117.
Don Harmon (D-Oak Park) did not mince his words either, imploring Rauner to sign a bill Harmon has worked to pass for 16 years. The measure passed the Democratic-controlled legislature just days after the mass shooting at a Parkland, Fla., high school.
It hurt to see that, the Pearsons' best case scenario, especially in light of what happened at the end of the episode. It's wedding day! Kate decides at the last minute to go to an ice cream shop she and her dad used to go to.
As Mary Kay Cabot of Cleveland.com noted, Thomas, 33, has yet to inform the Browns if he will play in 2018 or retire. Teams across the league are using the in-between period to pursue the Patriots' unrestricted free agents.
Footpad's performance was hard viewing for trainer Mullins who watched on anxiously as his charge staged his heroic comeback. He added: "He's very good - you don't win them back to back unless you are very good".
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