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

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

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

China’s fintech giant Ant Financial has applied for a digital wholesale banking licence in Singapore, joining the city state’s digital banking race to create virtual lenders after gaming start-up Razer and ride-hailing company Grab applied for full banking licences in the same week.“In line with our commitment to promoting financial inclusion globally, we have submitted an application to the Monetary Authority of Singapore (MAS) for a digital wholesale banking licence,” an Ant Financial…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-01-02T11:30:12+00:00 January 2nd, 2020|Technology|Comments Off on China’s Ant Financial joins Razer, Grab in contest for Singapore digital banking licence