The digital bank is set to cater to the financial needs of digital-first consumers and SMEs. Go to Source
Author: Tech In Asia Online News
Grab faces new fine in the Philippines for overpricing, ride cancellations
Grab has violated its service and pricing commitments, according to the country’s antitrust body. Go to Source
Gojek to buy 5% of local taxi company Blue Bird for $30m, sources say
The deal would value Blue Bird at around US$600 million. Go to Source
Grab to launch electric vehicle pilot in Indonesia
Grab partnered with automakers like Hyundai to launch two- and four-wheel EV pilots in Greater Jakarta. Go to Source
Online lenders employ AI-driven behavioral analysis in fight against fraud
AI can help detect and stop fraudsters by analyzing their mobile online interactions, including data input speed and website visit time. Go to Source
Singapore automotive platform Motorist raising up to $2.9m to rev up regional expansion
It’s pushing towards owning the entire value chain of the car ownership cycle – buy, sell, drive, and maintain – after previously focusing on car transacting. Go to Source
Walmart, Flipkart invest in fresh produce supply chain startup Ninjacart
The deal aims to support Walmart India’s cash-and-carry stores, Flipkart’s online grocery business, and Ninjacart’s expansion. Go to Source
Why Grab’s transport business is no longer driving most of its growth
“The margins for food delivery are better than ride hailing.” Go to Source
Malaysian car marketplace Carsome bags $50m to expand in Southeast Asia
It plans to work with financial institutions to provide financing options for dealers and consumers. Go to Source
Lazada, Citi launch co-branded credit card in Singapore
Singapore is the fourth market to receive the Citi Lazada credit card, which will be rolled out to more markets in the coming year. Go to Source