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Finance

Singapore's Grab, Singtel take stakes in Indonesia's Bank Fama

Superapp provider and telecom major increase bets on promise of banking sector

Grab and Singtel expand their financial businesses by investing in an Indonesian bank. (Source photos courtesy of Grab and Reuters) 
SHOTARO TANI, Nikkei staff writer | Indonesia

JAKARTA -- Superapp provider Grab and Singapore Telecommunications have invested in an Indonesian bank, weeks after the city-state-based superapp provider poured funds into another lender in the island nation.

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