On Dec 4, the Monetary Authority of Singapore (MAS) announced it had awarded two digital full bank (DFB) licences and two digital wholesale bank (DWB) licences. The two DFB licences were awarded to a consortium comprising Grab Holdings and Singapore Telecommunications (Grab/Singtel), and to Sea. And the two DWBs were awarded to a unit of Ant Group, and a consortium comprising Greenland Financial Holdings Group Co, Linklogis Hong Kong and Beijing Co-operative Equity Investment Fund Management Co.

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