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

Shopee alone accounted for nearly a quarter of the aggregate gross merchandise value in Singapore, Malaysia, Thailand, Indonesia, the Philippines and Vietnam last year.


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....