SINGAPORE -- The Monetary Authority of Singapore, the city-state's central bank, on Friday said it will issue up to five new digital banking licenses, opening the sector to newcomers like ride-hailing startup Grab.
Finance
Singapore paves way for digital disruptors to become banks
Up to 5 licenses to be issued, with Grab among potential contenders
The Kolam Ayer bridge stretches over the Kallang River in Singapore. The city-state is opening the way for more digital banks. © Reuters
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