Xiaomi, partners apply for digital banking licence in Singapore

Tuesday 7 January 2020 | 20:39 CET | News
Xiaomi Finance, AMTD Group, SP Group and Funding Societies have teamed up to jointly submit an application to the Monetary Authority of Singapore for a digital wholesale banking licence on 31 December 2019. The partners plan to create platform banking services for SMEs, focusing on Southeast Asia and Greater China, in particular the Greater Bay Area, in all stages of their growth.

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Categories: Mobile & Wireless
Companies: Xiaomi
Countries: Singapore
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