Data Vantage: SE Asia’s payment firms benefit from surge in transactions

Data Vantage: SE Asia’s payment firms benefit from surge in transactions

Singapore-headquartered super app Grab reported a record second quarter for its financial services business last week. Total payments volume on its platform ballooned 66% year-on-year to $2.9 billion, while the unit’s adjusted net sales grew 140% to $26 million.

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