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E-wallet operators set sights on digital banking space

Their interest reflects how many of them have expanded to offering a range of financial services targeting both individuals and businesses

Claudia Chong

Claudia Chong

Published Sun, Jul 14, 2019 · 09:50 PM
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Singapore

E-WALLET operators in Singapore are eyeing a future as a digital bank as opportunities in the business-to-business space come to the fore.

The Business Times understands that at least five e-wallet operators in Singapore - startups Liquid Group, Xfers and MatchMove Pay among them - are seriously evaluating whether to go after the digital bank licence once applications open in August.

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