More Groups Submit Singapore Digital Banking License Bids
- Groups joins Grab, Singtel, Razer in race for virtual permits
- Singapore plans to grant as many as five licenses in mid-2020
Commercial buildings in the central business district are illuminated at night in Singapore.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
More groups said they submitted bids for digital banking licenses in Singapore as companies, ranging from a property giant to Chinese fintech firms, joined forces to go for the sought-after permits.
Beyond Consortium, led by one of Asia’s largest massage chair makers, V3 Group Ltd. and stored-value card company EZ-Link Pte, submitted a bid to the Monetary Authority of Singapore for a digital full bank license, according to a statement Sunday.