Grab and Singtel completed the acquisition of a 32.5% stake in Bank Fama.

Grab, a technology company, and Singtel, a telecom group, completed the acquisition of a 32.5% stake in Bank Fama, an Indonesian bank. Financial terms were not disclosed. "fully aligned with and shares [Bank] Fama's digital banking proposition to serve Indonesia's unbanked and underbanked population and drive greater financial inclusion," Yuen Kuan Moon, Singtel Group CEO.