Grab, the Singapore-founded car share turned super app, is further reinforcing its position in the financial services sector with a string of new offerings.
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Grab launches micro-investment, third-party loan and BNPL offerings
Investing aside, Grab is also extending its credit offerings by opening up its consumer loan platform to third party providers. Whilst Grab’s BNPL lets users shop online and choose the option to pay in interest-free instalments at the checkout. “Eligible users” – which suggests some sort of credit check to use the service – can choose either monthly instalments or defer the whole payment to the following month. “We hope to unlock the tremendous potential in financial services in the region in ways that serve all Southeast Asians,” says Grab Financial Group’s senior managing director, Reuben Lai.
