Grab eyes Singapore banking licence as regulator mulls virtual lenders

Grab eyes Singapore banking licence as regulator mulls virtual lenders

FILE PHOTO: A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo

Grab, Southeast Asia’s most valuable start-up, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online-only banks, four people with knowledge of the process said.

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