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MAS says it received 21 applications for digital bank licences, but only 5 can be given out

There were 7 digital full bank licence applications, and 14 applications for digital wholesale bank licences.

The biggest consortium to apply for a digital banking licence so far includes EZ-Link, V3 Group, Singapore Business Federation and more

The consortium is focused on serving SMEs in Singapore, which employs close to 70 per cent of Singapore's workforce.

KKR to invest up to S$500 million in Singapore’s V3 Group

From left: Jaka Pra...