Singtel to team up with Grab for Singapore digital bank licence

(Reuters) - Singapore Telecommunications Ltd (Singtel) is partnering with Southeast Asian ride-hailing firm Grab Holdings Inc to apply for a digital full banking licence in Singapore, the two companies said on Monday. The pair in a joint statement said they will establish a consortium with Grab owning 60% and Singtel holding the remainder, with the aim of offering a variety of digital banking services

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