Grab will own a 60 per cent stake in the consortium that will apply for the bank license in Singapore, while the telco known as Singtel will hold the rest. Photo: Reuters Grab will own a 60 per cent stake in the consortium that will apply for the bank license in Singapore, while the telco known as Singtel will hold the rest. Photo: Reuters
Grab will own a 60 per cent stake in the consortium that will apply for the bank license in Singapore, while the telco known as Singtel will hold the rest. Photo: Reuters

Grab, Singtel team up in bid for license to set up digital bank in Singapore

  • Grab will own 60 per cent of a consortium with leading telco Singtel to apply for a full digital banking license in Singapore
  • Bids for the new virtual licenses are due by end-2019

Topic |   Singapore
Grab will own a 60 per cent stake in the consortium that will apply for the bank license in Singapore, while the telco known as Singtel will hold the rest. Photo: Reuters Grab will own a 60 per cent stake in the consortium that will apply for the bank license in Singapore, while the telco known as Singtel will hold the rest. Photo: Reuters
Grab will own a 60 per cent stake in the consortium that will apply for the bank license in Singapore, while the telco known as Singtel will hold the rest. Photo: Reuters
READ FULL ARTICLE