Grab Financial Group launches GrabFin, a new brand for its digital payments, insurance, lending and wealth management offerings, and Earn+, an investment product for Singapore-based Grab users
Grab Financial Group has announced the launch of GrabFin, a new brand for its digital payments, insurance, lending and wealth management offerings, and Earn+, an investment product for Grab users in Singapore.
GrabFin offers to Grab users a single entry point to payment, investment and insurance services on the Grab app.
Along with that the brand will offer everyday financial services that are simple to activate with just a few clicks in-app; fractionalised so that more people can access them; and flexible to enable consumers to choose how they use the products with no lock-in period.
Following its launch in Singapore and Malaysia, the GrabFin brand will be progressively rolled out in other Southeast Asian markets in the coming months.
In line with its promise to provide consumers with simple, flexible and accessible financial products, GrabFin is introducing Earn+ for Singapore-based Grab users.
Earn+ is a low-risk investment product with a projected yield of 2%-2.5% per annum with better potential returns than most savings accounts when held over the short-to-medium term. Earn+ users can start with a minimum investment of $1, with no maximum investment limit or lock-in period. U
Users can also withdraw funds to their GrabPay wallets instantly, or transfer the funds to their bank accounts at any time, without incurring any penalties or early withdrawal charges.
We’ve reported that the rising cost of living in the UK hits businesses by more late payments.