Grab Financial chief Reuben Lai to step down

Reuben Lai, senior managing director at Grab Financial Group, is stepping down at the end of this year. the news was earlier Reported by Take in Asia, Lai oversees Grab Financial Group and may also be the government director and head of regional technology at GXS Bank, a three-way partnership between digital financial institution Grab Holdings and telecom Singtel.

In an announcement to Thealike, GXS Bank noted, “Mr. Ruben Lai, Executive Director and Head of Regional Strategy, GXS Bank (GXS), has made the decision to leave the Bank at the end of 2022. His resignation as an Executive Director is In addition, Reuben will step down from his appointment as a director on the board of GXS in Singapore. He remains a director on the board of the digital bank in Malaysia.”

Launched in 2018 by Grab, Grab Financial Group has been instrumental in Grab’s journey from ride-hailing service to great app. Its digital pocket, GrabPay, is now the largest digital wallet in Southeast Asia.

During his tenure at Grab Financial Group and GXS Bank, Lai focused on monetary inclusion, telling bloomberg Said in 2021 that “We know that because of our many drivers, our merchants come to us and tell us that they want to open a bank account, but they are not able to do so. They want to get a working capital loan. want, but they are not able to do so. What we want to do at Grab Financial Group is to make financial services more accessible and more convenient for as many consumers as possible in a very simple and intuitive way.”

GXS Bank launched in August after Grab and Singtel A digital full bank license granted From the Monetary Authority of Singapore. It additionally holds a banking license in malaysia,

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