Grab defends rider loan program amid high-interest rate concerns

MANILA, Philippines — Ride-hailing firm Grab Holdings has defended its in-app microloan program for drivers and motorcycle riders in the Philippines, after it came under scrutiny for allegedly charging interest rates higher than those of credit cards. In a statement shared through Fintech Alliance PH, its lending arm Grab Financial Group Philippines said the loans were […]... Keep on reading: Grab defends rider loan program amid high-interest rate concerns