From Grab to Ant, Singapore's digital bank race picks up pace

Standard Chartered and other incumbents take lead in push for virtual lending

20230209 Singapore digital bank

GXS' app looks more like a music-streaming service than a banking app. (Photo by Tsubasa Suruga) 

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- Digital banking is accelerating in Singapore as deregulation encourages tech companies like Grab to enter the market in hopes of attracting younger customers and small businesses.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.