Southeast Asia's Grab Moves Into Financial Services with Loans, Insurance
13 March, 2018, 15:35 | Author: Sammy Rose
Separately, Grab has also signed a partnership with property and casualty insurance company, Chubb, to offer insurance plans to Grab's drivers and customers. With more than 86 million downloads, Grab already has a solid base of customers who can start using its app for their financial needs.
According to the press release, Grab Financial will encompass all of Grab's fintech offerings, including payments services, rewards and loyalty services, agent network services and now also financial services. Grab has said that the platform is now to be focussed exclusively on the company's business customers - chiefly its various drivers - but there may be a general consumer-focused version sometime in the future. Grab will offer loans to the underserved via a joint-venture with Credit Saison, the largest lender in Japan (the company now has about $70 million credit cards in circulation, TechCrunch reported today). 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.
"By analysing behaviour from the app, such as transport movements, geo-location, and GrabPay transaction data, the company can offer alternative data points to assess credit worthiness, filling the gap left by traditional credit scoring methods".
Speaking about the launch to various platforms, Jason Thompson, Managing Director, GrabPay, said, "Today we've helped create about five million jobs [across Grab services], for those people to grow their businesses, we need to provide them with financial services".
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Bonaventure won Atlantic 10 regular season and back are back in the field for the first time since 2012 and seventh all time. The tired Bruins didn't practice Saturday after returning from Las Vegas and didn't take the court Sunday, either.
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With the game being a popular eSports title, the tournaments are a great way to get into the more competitive side of Dota 2 . Finally, Valve is bringing back the weekend Battle Cup tournaments, which Plus members will receive free access to.
A seagull flies by as cargo ships and an offshore supply vessel lie at anchor at sunrise off Sousse, Tunisia February 14, 2018. President Donald Trump's move to slap tariffs on steel and aluminum imports. "This could obviously threaten the recovery".
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He proceeded to submit that other ID's such as the voter ID, Electricity bills etc. are being taken into consideration. Venugopal, learned Attorney General for India submitted that this Court may think of extending the interim order".
The post Man United Captain Carrick Confirms Plans To Retire At End Of Season appeared first on Complete Sports Nigeria . He seamlessly turned his direction at the last juncture to curve one past the keeper to take the lead in the 14 minute.
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