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Grab Philippines claims it has complied with antitrust agency's refund order

( March 21, 2022, 08:56 GMT | Official Statement) -- MLex Summary: Grab Philippines claims it has already complied with the Philippine Competition Commission's order to disburse 25.45 million pesos ($485,000) in refunds to eligible users, which was a penalty for violations of pricing and service commitments. In a statement responding to the regulator's order for it to immediately release 19.3 million pesos in unclaimed refunds by April 22, the company said it cannot directly credit the GrabPay wallets of users who have yet to complete the know-your-customer process required by the central bank. It added that the competition commission has yet to respond to its proposed solutions to the issue. The company's full statement follows: ...

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