Grab expects to see around 30% to 35% year-over-year growth in its GMV for the full year
$Grab Holdings(GRAB.US$
Meanwhile, the company is working with renowned global partners such as Starbucks $Starbucks(SBUX.US$ to extend its presence. The partnership will cover six markets -- Singapore, Malaysia, Indonesia, Thailand, the Philippines, and Vietnam -- and will allow customers across these countries to earn Starbucks Rewards through their Grab apps.
Grab is also eager to grow its financial services division, and the recent clinching of the Malaysian digital-bank license together with partner Singapore Telecommunications $SINGAPORE TELECOMMUNICATIONS NEW ADR-EACH REPR 10 ORD CDI NPV(SGAPY.US$ will enable the company to target financially underserved gig-economy workers with a suite of financial services. Small and medium-size enterprises that form a backbone of Malaysia's economy can also be better served.
Meanwhile, the company is working with renowned global partners such as Starbucks $Starbucks(SBUX.US$ to extend its presence. The partnership will cover six markets -- Singapore, Malaysia, Indonesia, Thailand, the Philippines, and Vietnam -- and will allow customers across these countries to earn Starbucks Rewards through their Grab apps.
Grab is also eager to grow its financial services division, and the recent clinching of the Malaysian digital-bank license together with partner Singapore Telecommunications $SINGAPORE TELECOMMUNICATIONS NEW ADR-EACH REPR 10 ORD CDI NPV(SGAPY.US$ will enable the company to target financially underserved gig-economy workers with a suite of financial services. Small and medium-size enterprises that form a backbone of Malaysia's economy can also be better served.
The company is also eager to expand its range of services beyond ride-hailing, food deliveries, and financial services. Just last month, it launched GrabMaps, a mapping and location-based service targeting businesses. This service is being pushed out in seven out of eight countries in which Grab operates.
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