Grab and Singtel launch Singapore digital bank in joint venture, to offer daily interest on savings account

Grab and Singtel launch Singapore digital bank in joint venture, to offer daily interest on savings account

SINGAPORE: GXS Bank, the digital bank joint venture of ride-hailing firm Grab and Singtel, launched Singapore's first digital bank on Wednesday (Aug 31) for the retail market. Nasdaq-listed Grab's rapidly expanding financial services have become a key part of its growth strategy as it seeks to offer bankin

Grab-Singtel beats Sea to the punch with Singapore digital bank

Virtual lender GXS launches with 'earn interest daily' perk to lure consumers

Grab-Singtel digital bank to launch savings account offering daily interest on Sept 5

For a start, customers can deposit up to $5,000 and earn daily interest of 0.08% per annum. Read more at straitstimes.com.

Grab, Singtel join Singapore’s digital bank battle next week

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