In today’s briefing:
- Grab Holdings (GRAB IJ) – Winning with Trans-Cab and Deposits in Singapore
Grab Holdings (GRAB IJ) – Winning with Trans-Cab and Deposits in Singapore
- Grab recently announced the acquisition of Trans-cab in Singapore, the 3rd largest taxi operator there. This will help to solve driver shortage issues and improve cost efficiencies.
- Taxis pay the lowest COE prices plus Grab can improve the productivity of taxi drivers through access to the Grab app. Trans-cab gives Grab access to street hailing.
- Grab‘s Singapore digital bank recently raised new capital but has also seen its deposit cap lifted significantly, which is helping to significantly boost deposit growth.
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