33.4 C
Singapore
Friday, October 22, 2021
Home Business Singapore to Issue Digital Bank Licences to Grab-Singtel Consortium, Jack Ma’s Ant...

Singapore to Issue Digital Bank Licences to Grab-Singtel Consortium, Jack Ma’s Ant Group, Tech Giant Sea

On Friday, Dec 4, the Monetary Authority of Singapore (MAS) has announced that it will grant four digital bank licences to Grab-Singtel venture, Jack Ma’s Ant Group and technology firm Sea among others. 

According to Singapore’s central bank, a joint venture by Singtel and Grab as well as an entity owned by Sea Limited will be given two full digital licences while the other two licences will be awarded to China’s Ant Group and a consortium comprising Greenland Financial, Linklogis Hong Kong and Beijing Co-operative Equity Investment Fund Management. 

Most Popular

Entrepreneur Talk – Mr. Clarence Khoh

Passion, Perseverance and Dedication - These are the top three skills Mr. Clarence Khoh of Talent-Merge Pte Ltd believes one should possess to achieve...

List of 15 NFT Use Cases That Could Go Mainstream

Non-fungible tokens or simply NFTs are here and they have gone mainstream at full speed. Just only a year ago, NFTS specifically art and...

Multimedia Messaging Service (MMS) to End After Mid-November

Multimedia messaging service (MMS) will no longer be offered by telcos in Singapore after the middle of November of this year. When this happens, ...

Singapore Deploys Robots to Deter Poor Social Behaviour

Singapore has started rolling out robots to patrol public areas with high foot traffic and deter undesirable social behaviours. For a three-week trial period...