Singapore has drawn huge interest from companies for its digital bank licence. Photo: Roy Issa
Singapore has drawn huge interest from companies for its digital bank licence. Photo: Roy Issa

Ant Financial and Xiaomi among 21 applicants for Singapore digital bank licence

  • Monetary Authority of Singapore said that it had received 21 applications – seven for retail banks and 14 for wholesale banks
  • Singapore’s central bank plans to issue up to five licences – two retail and three wholesale – in June this year

Singapore has drawn huge interest from companies for its digital bank licence. Photo: Roy Issa
Singapore has drawn huge interest from companies for its digital bank licence. Photo: Roy Issa
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