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Grab says its contribution to SEA economy totals US$5.8b
Its new social impact goals include bringing digital literacy and greater inclusion to three million South-east Asians
Claudia Chong
Published Tue, Sep 24, 2019 · 09:50 PM
Singapore GRAB contributed US$5.8 billion to South-east Asia's economy in the 12 months leading up to March 2019, through its platform and Kudo unit.
In its inaugural social impact report released on Tuesday, Grab said the contributions were made through its driver, delivery, merchant and agent incomes and sales generated.
It said there were about nine million micro-entrepreneurs on its platform as at Aug 31 this year. That means one in 70 South-east Asians have earned an income through the Grab platform.
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