Standard Chartered Bank has deepened its partnership with Grab to roll out digital lending products across multiple Southeast Asian markets. The collaboration includes personal loans, working capital financing, and merchant credit solutions accessible directly through the Grab app.
Executives believe the partnership addresses credit gaps among small businesses and gig workers. “We are building inclusive digital finance ecosystems that benefit both individuals and enterprises,” said Judy Hsu, CEO of Standard Chartered ASEAN & South Asia.
This move comes as competition in the digital lending space heats up, with both banks and fintech firms seeking to capture underserved segments. Analysts say integrating lending into a super-app like Grab provides unique scale and data advantages.
Industry observers expect regulatory frameworks to evolve as banks and tech companies converge in financial services.
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