In June last year the MAS unveiled plans to grant as many as five virtual bank licences to boost competition and innovation. Photo: Bloomberg In June last year the MAS unveiled plans to grant as many as five virtual bank licences to boost competition and innovation. Photo: Bloomberg
In June last year the MAS unveiled plans to grant as many as five virtual bank licences to boost competition and innovation. Photo: Bloomberg

Fintech

Tech /  Big Tech

China’s Ant Financial joins Razer, Grab in contest for Singapore digital banking licence

  • Southeast Asia’s digital lending market is expected to grow from US$23 billion in 2019 to US$110 billion by 2025

Topic |   Fintech
Jane Zhang
Jane Zhang

Updated: 7:12pm, 16 Feb, 2020

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In June last year the MAS unveiled plans to grant as many as five virtual bank licences to boost competition and innovation. Photo: Bloomberg In June last year the MAS unveiled plans to grant as many as five virtual bank licences to boost competition and innovation. Photo: Bloomberg
In June last year the MAS unveiled plans to grant as many as five virtual bank licences to boost competition and innovation. Photo: Bloomberg
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