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The companies said in a joint statement that they will form a partnership, with Grab owning 60% and Singtel holding the remainder to apply for a digital banking licence to serve retail and small ...
Singapore has shortlisted 14 applicants, which sources say include internet firm Sea and a joint venture of ride-hailer Grab and Singtel, for up to five digital bank licences in the city-state's ...
Grab Holdings Inc. is a Singaporean multinational technology company headquartered in One-North, Singapore. It is the developer of a super-app for ride-hailing , food delivery , and digital payment services on mobile devices that operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.
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There are currently three local digital banks with full bank licence in Singapore. Trust Bank was jointly launched by FairPrice Group and Standard Chartered Bank on 1 September 2022. [2] GXS Bank is owned by Grab and Singtel. MariBank is owned by Sea Ltd. Local Digital Full Bank.
A digital bank represents a virtual process that includes online banking, mobile banking, and beyond. As an end-to-end platform, digital banking must encompass the front end that consumers see, the back end that bankers see through their servers and admin control panels, and the middleware that connects these nodes.
Singapore's central bank said on Friday it would offer up to five digital bank licences to suitable applicants, in a move that could deliver the biggest shake-up in two decades in a market ...
Anthony Tan (businessman) Anthony Tan (Chinese: 陈炳耀) (born 1982 [1]) is a Malaysian-Singaporean businessman. He is the co-founder and chief executive officer of Grab, a publicly-traded technology company and the first unicorn in Southeast Asia. [2] In 2021, he was listed as one of Singapore's richest people with an estimated net worth of ...