Grab to consolidate Superbank into financial segment after GXS Bank stake transfer
Summary
Grab’s GXS Bank will acquire Singtel Alpha Investments’ stake in Superbank, pushing Grab’s combined direct and indirect ownership above 50% and triggering full consolidation of Superbank into Grab’s Financial Services segment from May 2026. Superbank has more than 6 million customers, recorded its first full-year profit in 2025, and reported strong growth in assets and net interest income through April 2026. Grab says the move deepens its ecosystem strategy by leveraging Grab and OVO distribution and transaction data to improve credit underwriting and financial inclusion in Indonesia. Executives from Grab, Superbank and GXS Bank said the transaction will accelerate product innovation and closer operational collaboration across their regional digital banking operations.