FinanceGrab-Singtel beats Sea to the punch with Singapore digital bank
Virtual lender GXS launches with 'earn interest daily' perk to lure consumers
Grab-Singtel digital bank joint venture GXS promises consumers in Singapore the ability to "earn interest daily." (Photo by Tsubasa Suruga)
DYLAN LOH, Nikkei staff writer
August 31, 2022 18:22 JST
SINGAPORE -- One of Southeast Asia's most prolific technology startups and the region's largest telecommunications firm launched their digital banking joint venture in Singapore on Wednesday, becoming the first mover in a high-stakes battle for consumer finances.