Grab Financial, the financial arm of Southeast Asia’s most-valued ride-hailing startup, is looking to launch its first cross-border remittance corridor between Singapore and the Philippines in the fourth quarter of 2019, according to a top executive.
The move will allow users to remit money instantly and securely using their GrabPay wallets, Reuben Lai, senior managing director of Grab Financial Group told DealStreetAsia, adding that remittances play an important role in Southeast Asia’s economy.
