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Grab, Singtel aim to be mainstream digital bank without the cash burn

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Grab Holdings and Singtel are joining forces to apply for a digital full bank licence in Singapore.

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Grab Holdings and Singtel are joining forces to apply for a digital full bank licence in Singapore.

THE new digital full bank in Singapore proposed by Grab Holdings and Singtel will shy from cash burn, while driving down the cost to target those deemed "underbanked" in this matured market, senior executives from Grab and Singtel said on Monday. 

Grab and Singtel on Monday said they will...