UOB invests S$500m to improve digital capabilities

Singapore

UOB on Wednesday said it will invest S$500 million to boost digital capabilities across Asean, as it aims to "more than double" digital retail customers by 2026 - to over seven million across the region.

This investment will be used to scale up digital acquisition and API (application programming interface) partners, as well as improve its customer value proposition through new digital wealth products and self-serve solutions.