Singapore Sees ‘Strong Interest’ in Digital Bank Licenses
- Applicants see Singapore as gateway to Southeast Asia: analyst
- Grab, Razer, Ant Financial are among firms vying for permits
Central bank's headquarters in Singapore.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
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Singapore has received “strong interest” in its effort to open up the banking industry to fresh competition after 21 groups made bids for digital licenses, the financial regulator said.