12 May - 2 min read
Grab has combined its payments and financial services features into a new brand called GrabFin. In addition, some users will see the Payment tab at the bottom of the Grab app replaced with “Finance” – we believe this rollout is happening in stages, as not all users have received this change yet.
Those who are part of the initial rollout will see “Finance” under the bottom bar, and clicking it for the first time will open a splash screen like the one in the screenshot below. Users will also be greeted by the GrabFin logo at the top of the page. Additionally, relevant tiles or functions that are currently housed under other tabs (such as Insurance, which is under the Home tab currently) may also be moved to the new Finance tab. Here’s how the tab will look like when it is live for you:
Grab’s introduction of its new GrabFin brand should come as no surprise as it was one of the five successful applicants of Bank Negara Malaysia’s (BNM) digital banking licences. GrabFin will most likely house more financial services when Grab’s digital bank consortium starts operating. Meanwhile, in its Singapore app, Grab has Grab Financial Group, offering a suite of financial products covering payments, insurance, and investments.
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