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Grab forms venture with Japan's Credit Saison for lending services

Reuters  |  SINGAPORE 

SINGAPORE (Reuters) - Southeast Asia's Grab has formed a venture with Japanese credit card company Credit Saison Co Ltd to provide loans and lending services in the region, marking the ride-hailing firm's biggest expansion into financial services.It will be part of newly launched Grab Financial, which offers services ranging from payments to rewards and loyalty services, the firms said in a statement on Tuesday.The joint venture firm, Grab Financial Services Asia, plans to offer micro-financing products. It aims to leverage Grab's network of millions of consumers and small businesses as well ...

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First Published: Tue, March 13 2018. 12:41 IST