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Anonymous

27 Oct 2020

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Saw in the news that SingTel might have to commit more than $600 million in total to its joint venture with Grab to set up a digital full bank here. Isn't this a massive capital drain for SingTel?

Is this joint venture worth it then?

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Lee John

27 Oct 2020

No idea until MAS release who gots the license and what's the uptake like.

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Singtel may commit over S$600m to Grab digital-bank venture - I can understand why SingTel wants to work with Grab, but how does Grab benefit from SingTel being a 40% stakeholder?

Wondering what are the differences/benefits between a single entity digital bank (eg. SEA and a consortium group eg. Singtel & Grab or Razer Youth Bank in terms of features and activities they do)?

Saw that Sheng Siong Holdings got a full bank licence? Are supermarkets transitioning to the digital banking space as well?

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Grab-Singtel, SEA Group and Ant Group have won the digital bank license in Singapore. How do you feel about these two winning the license? Were they within your expectations?

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