Grab launches GrabFin, a one-stop finance platform on the Grab app
GrabFin is currently only available to users in Singapore and Malaysia who have updated the app to the latest version.
Grab has launched a new one-stop platform for all financial services on the Grab app.
Called GrabFin, it merges all existing financial services by Grab, including the GrabPay Wallet, offering a single entry point to payment on the app.
This was created in light of a recent Nielsen survey commissioned by Grab that found three in five consumers prefer access to digital financial services on one integrated platform.
“With GrabFin, access to financial services will be as simple as ordering a ride on the Grab app. Our customised products offer consumers flexibility and GrabPay’s multi-layered security features let them transact with peace of mind,” said Kell Jay Lim, Head of GrabFin.
Following the launch of this platform, a new low-risk investment product Earn+ has also been introduced, for Singapore-based Grab users only.
Earn+ offers potential returns of between two to two-point-five per cent per year. Users can begin their investment with a minimum of $1, with no maximum investment limit or lock-in period.
Users can also conveniently transfer funds to their GrabPay wallets or bank accounts without any penalties or charges.
GrabFin is currently only available for users in Singapore and Malaysia who have updated their Grab apps to the latest version.