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Grab combines its financial services under new brand GrabFin, launches investment product Earn+

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SINGAPORE: Southeast Asian fintech platform Grab Financial Group announced on Monday (May 23) that it will be launching a new brand - GrabFin - for its digital payments, insurance, lending and wealth management offerings, as well as an investment product for Singapore-based Grab users. GrabFin o

SINGAPORE: Southeast Asian fintech platform Grab Financial Group announced on Monday that it will be launching a new brand - GrabFin - for its digital payments, insurance, lending and wealth management offerings, as well as an investment product for Singapore-based Grab users.

The release also said that the brand will offer everyday financial services that are simple to activate, which are"fractionalised" so that more people can access them and flexible to allow consumers to choose how they use the products with no lock-in period."Our customised products offer consumers flexibility and GrabPay’s multi-layered security features let them transact with peace of mind," he said.

Billed as a "low-risk investment product", Grab said that it has a projected yield of 2 per cent to 2.5 per cent per annum with"better potential returns than most savings accounts when held over the short-to-medium term".

 

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