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Around 640 million people live in Southeast Asia, many of whom are connecting to the Internet for the first time. A report often cited by Google and Temasek Holdings of Singapore predicted that the region's Internet economy would exceed $ 240 billion by 2025, as an affordable mobile Internet would spur rapid growth in areas such as the Internet. e-commerce and recovery.
The region also has a large underfunded and unfunded population, making it a battleground for financial technology, or fintech, such as Grab Financial, Gojek, Sea, Alibaba's affiliate, Ant Financial and the giant Chinese technology Tencent.
For its part, Grab wants to "level the playing field for all small businesses in Southeast Asia," said Lai.
Grab can make money by offering these financial services in different ways, he said. For insurance, for example, the start-up charges a commission on each policy sold. In the loan business, she earns money through a revenue sharing agreement or commissions.
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