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Digital Banking

Amid soaring demand for online and mobile alternatives, new digital players are transforming banking for individuals and companies.

FEATURED STATISTIC

FEATURED STATISTICS

June 2019

The Monetary Authority of Singapore (MAS) first announced that it will award five digital bank licenses

21

Digital bank license applications were submitted, of which 14 were shortlisted

Dec 4, 2020

MAS awarded digital full bank licenses to Grab-Singtel consortium and Sea, as well as digital wholesale bank licenses to Ant Group and Greenland consortium

Early 2022

Estimated year that MAS expects digital banks to be operational in Singapore

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We reflect on how the pandemic has changed our payment habits, to plan wisely for 2022

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Grab-Singtel applies for digital bank licence in M’sia after successful bid in S’pore

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What Will A Grab-Singtel And Sea Digital Bank Look Like When It Launches In S’pore From 2022?

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