Superbank is the only Grab digital bank to report profits so far.
Tech in Asia reports that Superbank has turned a profit. The Indonesian bank is Grab's smallest and newest digital operation. It is the sole profitable unit among the three digital banks the company runs. GXS and GXBank have not reached profitability. The publication states that Grab launched Superbank after going public and has directed substantial spending toward financial services. The article examines the reasons for the performance difference among the banks. Visible posts on the platform link to the full piece for further details on operations and results.
2.9K
1 post, first seen 3d ago
Superbank is the only Grab digital bank to report profits so far.
Tech in Asia reports that Superbank has turned a profit. The Indonesian bank is Grab's smallest and newest digital operation. It is the sole profitable unit among the three digital banks the company runs. GXS and GXBank have not reached profitability. The publication states that Grab launched Superbank after going public and has directed substantial spending toward financial services. The article examines the reasons for the performance difference among the banks. Visible posts on the platform link to the full piece for further details on operations and results.
Tech in Asia@techinasiaGrab has spent more than US$1.2 billion on financial services since going public. But there’s an unexpected winner: 🇮🇩 Superbank in Indonesia, Grab’s smallest and newest digital bank, is the only one of its three digital banks to turn profitable. Why? 👀…
Tech in Asia@techinasiaGrab has spent more than US$1.2 billion on financial services since going public. But there’s an unexpected winner: 🇮🇩 Superbank in Indonesia, Grab’s smallest and newest digital bank, is the only one of its three digital banks to turn profitable. Why? 👀…