Singtel and Grab form digital banking joint venture
Singapore Telecommunications (Singtel) announced Joint venture for full digital bank with Grab Holdings on October 27, 2020.
- Primary
- Singapore Telecommunications (Singtel)
- Counterparty
- Grab Holdings
- Structure
- Joint venture for full digital bank
- Date
- October 27, 2020
- Sub-sector
- Neobank
Singtel and Grab combine telecom scale, payment data, and ride-hailing customer base to create a digital bank targeting SMBs and underbanked users.
Source: businesstimes.com.sg