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.
SINGAPORE: 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. - Reuters
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