SINGAPORE -- Shares in Singapore Telecommunications and Sea surged after the two were named as winning digital banking licenses in the city-state, showing investors' high expectation for their fintech businesses.
Finance
Singapore digital bank winners surge on hopes for fintech growth
Shares in Singtel and Sea rise while banks drop after award of licenses
Singapore's financial district. The banking landscape in the city-state will be transformed by four newly awarded digital banking licenses. (Photo by Akira Kodaka)
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