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DBS partners local startups to launch online automotive direct-selling platform

Michelle Zhu
Michelle Zhu8/10/2017 11:50 AM GMT+08  • 3 min read
DBS partners local startups to launch online automotive direct-selling platform
SINGAPORE (Aug 10): DBS Bank today announced the official launch of DBS Car Marketplace, an online consumer marketplace that matches automotive buyers and sellers, in partnership with online startup sgCarMart and used-car marketplace Carro.
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SINGAPORE (Aug 10): DBS Bank today announced the official launch of DBS Car Marketplace, an online consumer marketplace that matches automotive buyers and sellers, in partnership with online startup sgCarMart and used-car marketplace Carro.

This follows the Monetary Authority of Singapore’s (MAS) recently-announced proposal in June to allow banks to operate digital platforms that match buyers and sellers of consumer goods or services.


See: MAS to loosen regulatory barriers for banks carrying on permissible non-financial businesses

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