Singapore’s Sea Ltd, Asia’s best-performing internet stock in 2019, is seeking a full digital banking license in Singapore, becoming the first declared sole applicant for that category. - Bloomberg/ANN
SINGAPORE: Singapore’s Sea Ltd, Asia’s best-performing internet stock in 2019, is seeking a full digital banking license in Singapore, becoming the first declared sole applicant for that category.
New York-listed Sea’s digital bank would focus on addressing the unmet needs of millennials and small businesses through technology, the company said in a statement. The Monetary Authority of Singapore (MAS) said Tuesday (Jan 7) that 21 groups made bids for the digital licenses, including seven for full digital banking licenses. Fourteen were for wholesale permits.
Limited time offer:
Just RM5 per month.
