Billionaire Jack Ma’s Ant Group Co. launched its digital bank in Singapore, as China’s largest online financial platform branches out of its home market. Photo: EPA-EFE
Billionaire Jack Ma’s Ant Group Co. launched its digital bank in Singapore, as China’s largest online financial platform branches out of its home market. Photo: EPA-EFE
Jack Ma

Jack Ma’s Ant Group unveils Singapore digital bank – ANEXT – in overseas expansion push

  • ANEXT Bank will provide digital financial services to micro, small and medium-sized enterprises that have cross-border operations, it said in a statement on Monday
  • Ant’s wholesale license allows it to serve small and mid-sized firms and other non-retail segments, and requires a capital commitment of US$73 million

Billionaire Jack Ma’s Ant Group Co. launched its digital bank in Singapore, as China’s largest online financial platform branches out of its home market. Photo: EPA-EFE
Billionaire Jack Ma’s Ant Group Co. launched its digital bank in Singapore, as China’s largest online financial platform branches out of its home market. Photo: EPA-EFE
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