Tagged: grab holdings

Grab-Singtel Introduce Virtual Bank – GXS Bank in Singapore

September 5, 2022 @ 10:59 pm By Omar Faridi |

GXS Bank, the virtual bank joint initiative of ride-hailing company Grab Holdings and Singapore Telecommunications, have reportedly introduced a digital bank in Singapore. Nasdaq-listed Grab’s financial services have become a vital part of its business expansion strategy as it aims to provide banking, virtual payments,… Read More

Read more in: Asia, Fintech | Tagged digital banking, digital financial services, financial services, grab, grab holdings, ride hailing, sea, singapore, singapore telecommunications, southeast asia, virtual bank

Monetary Authority of Singapore Announces the First Four Digital Banks to Receive Regulatory Approval

December 4, 2020 @ 9:24 am By JD Alois |

Monetary Authority of Singapore (MAS) announced on June 28, 2019, that it would issue up to two digital full bank (DFB) licenses and three digital wholesale bank (DWB) licenses. Last June, MAS announced that 14 out of 21 applications to become digital banks have met… Read More

Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged ant group, banking, digital bank, grab holdings, greenland financial holdings group, mas, monetary authority of singapore, ravi menon, sea ltd., singapore, singapore telecommunications