Mitsubishi UFJ Financial Group is investing over $700 million into the ride hailing company Grab; along with the investment the...
The Monetary Authority of Singapore announced they will issue five digital banking licenses in June and the winning bids will...
Bloomberg reports on the possibility of ride-sharing companies getting into financial services; Grab is a leading ride-hailing company in Southeast Asia; app users can now start sending credits which are used to pay for rides to other users; by the end of 2017 credits will be able to be used at 1,000 restaurants and retailers, turning Grab into much more of an e-payment platform than just a taxi service; in Indonesia, the 200,000 drivers of Go-Jek can use e-wallets to store their earnings and also spend funds on a variety of services; article also shares innovation in Kenya with M-Pesa as well as China's Alibaba and WeChat. Source
Grab is a well known ride-hailing app in Singapore; now they are acquiring Bento, a wealth management startup; they plan...
Data breaches drive jump in UK financial fraud JP Morgan Head of eCommerce Sees Little Threat from “Payments Disruptors” If...