Grab Consolidates Superbank Stake in Indonesia as Singtel Transfers Shares

Grab is consolidating its control over the Indonesian digital lender known as Superbank.

This follows a stake transfer from Singtel to their joint venture GXS Bank completed in May 2026.

Superbank's Journey So Far

Superbank first received investment from Grab back in 2022.

The company launched its mobile app in June 2024 and quickly attracted over six million customers.

Many of these users also have accounts with Grab or OVO which creates easy integration opportunities.

Superbank achieved its first full year profit in 2025 and saw strong growth in assets and income.

This consolidation allows Grab to fold Superbank results directly into its financial services reporting.

For everyday Indonesians this could mean smoother access to loans and banking through the familiar Grab app.

In the competitive fintech space of Southeast Asia the deal highlights Grab's push to expand beyond ride hailing and deliveries.

Looking ahead Grab may introduce more combined services that benefit both its users and the broader digital economy.

Singtel continues as a strategic partner in related ventures despite the transfer.

Overall this step positions Grab for greater influence in Indonesia's growing financial technology market.