13 Mar '18, 7am

"Grab Expands Into Lending in Southeast Asia via New Venture" by REUTERS via NYT

SINGAPORE — Southeast Asia's Grab has teamed up with Japanese credit card company Credit Saison Co Ltd to provide loans and lending services in the region, marking the ride-hailing firm's biggest expansion into financial services. Their new joint venture firm, Grab Financial Services Asia, will offer micro-financing products and leverage Grab's network of millions of consumers and small businesses as well as data on consumer behavior, blending it with Credit Saison's expertise in credit analysis and consumer lending. The move comes as Tencent's WeChat Pay and Alibaba Group's affiliate Alipay expand into Southeast Asia - home to some of the world's fastest-growing economies with about 640 million people and an active mobile user base. Financial details of the venture were not disclosed. "Grab Financial Services Asia is building a reliable alternative to traditional credit s...

Full article: https://www.nytimes.com/reuters/2018/03/13/technology/13r...

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Grab expands into lending in Southeast Asia via...

reuters.com 13 Mar '18, 10am

SINGAPORE (Reuters) - Southeast Asia’s Grab has teamed up with Japanese credit card company Credit Saison Co Ltd to provid...

Grab forms venture with Japan's Credit Saison f...

reuters.com 13 Mar '18, 7am

SINGAPORE (Reuters) - Southeast Asia’s Grab has formed a venture with Japanese credit card company Credit Saison Co Ltd to...

Grab forms venture with Japan's Credit Saison f...

reuters.com 13 Mar '18, 8am

SINGAPORE (Reuters) - Southeast Asia’s Grab has formed a venture with Japanese credit card company Credit Saison Co Ltd to...

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wsj.com 16 Mar '18, 10am

Grab to offer loans, #insurance with new #fintech platform Grab Financial

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SINGAPORE - Grab will now offer loans and insurance with its new fintech platform - Grab Financial - the ride-hailing comp...

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