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Singtel said to be talking to Grab on Singapore digital bank bid

Bloomberg
Bloomberg11/28/2019 04:40 PM GMT+08  • 2 min read
Singtel said to be talking to Grab on Singapore digital bank bid
SINGAPORE (Nov 28): Singapore Telecommunications is in talks with companies including Grab Holdings Inc to jointly bid for a digital banking licence in the city-state, according to people familiar with the matter.
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SINGAPORE (Nov 28): Singapore Telecommunications is in talks with companies including Grab Holdings Inc to jointly bid for a digital banking licence in the city-state, according to people familiar with the matter.


See: Grab eyes Singapore banking licence as regulator studies virtual banks

Singtel, Grab and Great Eastern Holdings, the insurance unit of Oversea-Chinese Banking Corp, are discussing the formation of a consortium following Singapore’s decision to open online banking to non-bank firms, said the people, who asked not to be identified because the discussions are private.

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