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MAS awards digital bank licences to two consortiums, two entities

Jeffrey Tan
Jeffrey Tan12/4/2020 07:19 PM GMT+08  • 3 min read
MAS awards digital bank licences to two consortiums, two entities
Four licences to operate digital banks in Singapore have been awarded by the Monetary Authority of Singapore (MAS) today.
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Four licences to operate digital banks in Singapore have been awarded by the Monetary Authority of Singapore (MAS) today.

A consortium comprising Grab Holdings and Singapore Telecommunications (Singtel) has clinched a digital full bank licence.

An entity wholly-owned by Sea has also secured a digital full bank licence.

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