Carro joins Grab, Validus in race for digital banking licence in Singapore

Carro joins Grab, Validus in race for digital banking licence in Singapore

A view of the Monetary Authority of Singapore building in Singapore April 18, 2016. Reuters.

Singapore-headquartered used car marketplace Carro is the latest firm to eye a digital banking licence in the city-state as it seeks to expand into financing for small and medium enterprises (SMEs).

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