Grab is a Singapore based ride-hailing platform that holds a large presence in Southeast Asian countries such as Vietnam, the Philippines, Malaysia, Thailand, Singapore, and Indonesia. \u00a0Grab is planning a $700 million investment in Fintech companies in Indonesia, which is already their largest market. \u00a0With only 75 of the 250 million people in Indonesia having banking Fintech is a great avenue to provide access to a part of the population that hasn’t had the ability to use Grab’s services.<\/p>\n
Grab co-founder and CEO Anthony Tan states it well, “We see this huge, unbanked population becoming bankable. If we can… give access to those who don’t have access to credit, it’s a massive opportunity.”<\/p>\n
Fintech transactions are expected to grow at an annual rate of 20% in Indonesia. In addition to the rise in Fintech startups in the country, there is a significant rate of smartphone use. \u00a0This investment makes it evident of how important Fintech is, especially in emerging and developing markets. \u00a0It is easier for people to buy a cheap smartphone than get bank credit. \u00a0I see this investment having a high rate of return for Grab.<\/p>\n
https:\/\/www.cryptocoinsnews.com\/uber-competitor-grab-700-million-fintech-indonesia\/<\/p>\n","protected":false},"excerpt":{"rendered":"
Grab is a Singapore based ride-hailing platform that holds a large presence in Southeast Asian countries such as Vietnam, the Philippines, Malaysia, Thailand, Singapore, and Indonesia. \u00a0Grab is planning a $700 million investment in Fintech companies in Indonesia, which is already their largest market. \u00a0With only 75 of the 250 million people in Indonesia having … Continue reading Uber-Competitor Grab Plans $700 Million Fintech in Indonesia<\/span><\/a><\/p>\n","protected":false},"author":1885,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-779","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":2,"qubely_featured_image_url":null,"qubely_author":{"display_name":"bsipiora","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/bsipiora\/"},"qubely_comment":2,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"Grab is a Singapore based ride-hailing platform that holds a large presence in Southeast Asian countries such as Vietnam, the Philippines, Malaysia, Thailand, Singapore, and Indonesia. \u00a0Grab is planning a $700 million investment in Fintech companies in Indonesia, which is already their largest market. \u00a0With only 75 of the 250 million people in Indonesia having…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1885"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=779"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/779\/revisions"}],"predecessor-version":[{"id":780,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/779\/revisions\/780"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}