MAS unveiled plans last year to grant as many as five virtual bank licences to boost competition and innovation, and is set to announce the winners in mid-2020.
KUALA LUMPUR: 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 (MAS) for a digital full bank licence, according to a statement on Sunday.
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