Is a company’s profitability a matter of interest to anyone besides its shareholders? Grab's recent moves reflect a sector increasingly prioritising sustainable growth over unchecked expansion, says fintech CEO Jonathan Chang.
Is a company’s profitability a matter of interest to anyone besides its shareholders? Grab 's recent moves reflect a sector increasingly prioritising sustainable growth over unchecked expansion, says fintech CEO Jonathan Chang.
The introduction of the GrabPay Card in December 2019, in partnership with Mastercard, was a bold step that pushed the envelope on what users could expect from a. Its numberless card design provided enhanced security by reducing the risk of card details being stolen while a built-in money management app integrated seamless, real-time tracking of transactions.
Grab's strategic recalibration towards profitability mirrors a wider industry realisation that growth at all costs is unsustainable in the long run. This shift is not just about healthier balance sheets when Grab has become an integral part of daily life in Southeast Asia. Its financial health directly impacts a vast ecosystem of drivers, merchants, consumers and employees. According to Grab, its advertising platform GrabAds processes over 10 million transactions daily across Southeast Asia, indicating a sizable interest from merchants.
However, this path to profitability must be navigated with care. The pursuit of financial sustainability should not come at the expense of the broader societal and economic contributions that have helped cement its position as a tech leader in Southeast Asia.
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