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Grab and others see big chance in ASEAN digital banking

Opportunities to serve unbanked populations abound post-COVID, executives say

Grab Financial says Southeast Asia's large unbanked population represents a big opportunity amid increasing demand for digital services during the coronavirus pandemic. (Photo by Kentaro Iwamoto)

JAKARTA -- Southeast Asia is home to one of the world's largest unbanked populations, but the rapidly increasing digitalization of everyday life as a result of COVID-19 means there is a golden opportunity for digital banks and finance in the region, a top Grab Financial Group executive said Tuesday.

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