Singapore-based ride-hailing firm Grab is in talks with regulators about securing licenses to provide financial services in all 10 Asean countries, up from the six country licenses it bagged in 2018, according to a senior executive.
The move is part of Grab's bid for dominance as the go-to internet application for everyday services, from transport to grocery deliveries, across the world’s fastest-growing internet region.
“2019 is the year that we want to cement our position as the Asean wallet,” said Reuben Lai, senior managing director of Grab Financial, the business unit that houses payments, rewards and broader financial services.
Widespread adoption of its...
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