The Monetary Authority of Singapore said Ant Group and the Greenland consortium met its expectations and criteria. Photo: EPA-EFE
The Monetary Authority of Singapore said Ant Group and the Greenland consortium met its expectations and criteria. Photo: EPA-EFE
Ant Group
Business /  Banking & Finance

Ant Group wins Singapore digital wholesale banking licence

  • A consortium comprising Greenland Financial Holdings Group was also awarded a digital wholesale bank licence by the Monetary Authority of Singapore
  • Both banks are expected to start operations from early 2022, MAS said

Eric Ng
Eric Ng

Updated: 1:34am, 5 Dec, 2020

Why you can trust SCMP
The Monetary Authority of Singapore said Ant Group and the Greenland consortium met its expectations and criteria. Photo: EPA-EFE
The Monetary Authority of Singapore said Ant Group and the Greenland consortium met its expectations and criteria. Photo: EPA-EFE
READ FULL ARTICLE