Singapore issues four digital bank licences instead of five
Alibaba's Ant Group and joint bidders Grab and Singtel are among those that received licences.
Alibaba's Ant Group and joint bidders Grab and Singtel are among those that received licences.
Monetary Authority of Singapore will allow eligible non-bank financial institutions to have direct access to PayNow and FAST, enabling e-wallet users to make funds transfers between bank accounts and across different e-wallets.
