Superapp Grab's digital bank GXS launches instant loans in Singapore

Superapp Grab's digital bank GXS launches instant loans in Singapore

Charles Wong, Singapore CEO, GXS Bank

Singapore-based GXS Bank, a virtual lender majority-owned by Grab, on Tuesday began offering instant loans from 200 Singapore dollars ($150) each as it aims to capture the market of gig workers and digital natives seeking flexible, accessible financial services.