Superapp provider and telecom major increase bets on promise of banking sector
JAKARTA — Superapp provider Grab and Singapore Telecommunications have invested in an Indonesian bank, weeks after the city-state-based superapp provider poured funds into another lender in the island nation.
The deal is the latest in a slew of transactions Grab has made in Indonesia’s financial sector as it chases its ambitions to serve the archipelago’s vast unbanked and underbanked population.
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