SINGAPORE – An investment product is on the cards for Grab and Singtel’s digital lender GXS, even as tech giant Grab recently discontinued such services here.
GXS retail head Jenn Ong told The Straits Times that GXS Bank sees a market for a simple, low-risk product that invests in assets such as bonds.
This comes months after Grab pulled the plug on micro-investment products AutoInvest and Earn+, and said it was winding down GrabInvest as the business would not be commercially viable.