GXS Bank

Grab’s loan portfolio jumps 197% year on year, while Sea’s Monee grows loans by 62.5% to hit US$11.1 billion

Cardholders can link their card immediately to their Grab app from within the GXS app

Shareholders also press the board on KPMG’s reappointment after confidentiality lapse involving Optus

About half of the bank’s customers are low-income Malaysians earning under RM4,000 a month

The Indonesian digital lender has a market capitalisation of US$1.6 billion

They state that loans will be a key driver for growth

It is on track to achieve profitability by 2027, within MAS’ five-year framework for digital banks

Loss of 82 jobs part of the group’s transition from building a bank to running the operations: CEO Lai Pei-Si

Merging the superapp giants could change not only the face of South-east Asia’s ride-hailing market, but also its digital lending space