Singapore awards digital banking licenses to Grab, Ant Group, and others
Monetary Authority of Singapore issued digital banking license approval affecting Grab, Ant Group, Razer on December 11, 2020.
- Primary
- Monetary Authority of Singapore
- Counterparty
- Grab, Ant Group, Razer
- Structure
- digital banking license approval
- Date
- December 11, 2020
- Sub-sector
- Neobank
Singapore's digital banking licenses enable fintech heavyweights to expand financial services across ASEAN, increasing inclusion and regional transformation.
Source: asia.nikkei.com