More groups submit Singapore digital banking licence bids


Beyond Consortium, led by one of Asia’s largest massage chair makers, V3 Group Ltd. and stored-value card company EZ-Link Pte, submitted a bid to the Monetary Authority of Singapore for a digital full bank license, according to a statement Sunday.

SINGAPORE: More groups said they submitted bids for digital banking licences in Singapore as companies, ranging from a property giant to Chinese fintech firms, joined forces to go for the sought-after permits.

Beyond Consortium, led by one of Asia’s largest massage chair makers, V3 Group Ltd. and stored-value card company EZ-Link Pte, submitted a bid to the Monetary Authority of Singapore for a digital full bank license, according to a statement Sunday.

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