GrabFin Launches Cross-Border Remittance Service Connecting 6 ASEAN Markets
GrabFin's remittance service could disrupt the $40B+ annual ASEAN remittance market by leveraging its existing super-app distribution, a classic platform extension play.
GrabFin launched a new cross-border remittance service, connecting Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines, leveraging Grab's existing user base.
Grab's financial services arm GrabFin has launched a cross-border remittance service connecting Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines. The service leverages Grab's existing user base of 35 million monthly transacting users and offers real-time transfers at fees significantly below traditional remittance providers.
GrabFin's remittance service could disrupt the $40B+ annual ASEAN remittance market by leveraging its existing super-app distribution, a classic platform extension play.
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https://www.grab.com/sg/press/others/grab-unveils-regions-first-wallet-to-wallet-remittance-product/
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