December 30, 2019 / 12:05 AM / 24 days ago

Singtel to partner with Grab for Singapore digital banking licence

Dec 30 (Reuters) - Singapore Telecommunications Ltd said on Monday it would partner with Grab Holdings Inc to apply for a digital full banking licence in Singapore.

Southeast Asian ride hailing firm Grab will have a 60% stake in the consortium while Singtel will hold a 40% stake, the telecommunication provider said, with the aim of offering a variety of digital banking services. (Reporting by Rashmi Ashok in Bengaluru; Editing by Kim Coghill)

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