Grab, Singtel to start banking services in Singapore


SINGAPORE: Grab Holdings Ltd and Singapore Telecommunications Ltd (Singtel) plan to roll out a banking service next week, joining tech giants like Jack Ma’s Ant Group Co in taking advantage of the country’s fintech liberalisation.

Called GXS, the bank will start by offering a savings account from Sept 5 and envisions expanding into credit products over time.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

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Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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