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Sea's digital banking move offers edge over Grab-led bid: report

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Published Sun, Feb 9, 2020 · 09:50 PM

    Singapore

    GIVEN the snug fit between e-commerce and digital banking, shopping platform Shopee's parent Sea Ltd may offer an edge over the Grab-Singtel consortium, with a fresh S&P report seeing these two bids as frontrunners for the two new digital full bank licences in Singapore.

    "Digital banking battles will play out in South-east Asia's shopping cart," the report said.

    Singapore digital banksShopeeGrabE-commerce

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