By Ka Kay Lum
Grab’s new offering will allow both banked and unbanked senders to remit money instantly and securely to recipients in another country using their GrabPay wallets.
Prior to the Walmart buyout, Flipkart had largely operated without the bureaucratic, process-driven trappings of a large listed company.
Tencent’s revenue grew at its slowest pace in three years as a Chinese clampdown on gaming licenses continued to hammer its bread-and-butter division.
Dipper’s 20 employees will be absorbed into FarEye and the company will be rebranded as FarEye Transportation.
Until now, Myntra, while being a wholly owned unit of Flipkart, has operated completely independently.
Grab has forged a strategic alliance with United Overseas Bank Ltd (UOB), which entails an undisclosed investment from the lender into the ride-hailing unicorn.
In May, Walmart agreed to buy a 77% stake in online retailer Flipkart for $16 billion.
In Singapore, mobile commerce is on track to overtake desktop commerce to be the most preferred channel in 2019 and will make up for 52 per cent of all online sales in the city-state.
Singles’ Day, or Double 11, is the world’s biggest online sales event, outstripping the sales of U.S. shopping holidays Black Friday and Cyber Monday combined.
Founded in 2010, Ezbuy boasts more than 3 million customers from Singapore, Malaysia, Indonesia, Thailand and Pakistan.