Hopefully, Singtel can improve its earnings capacity through digital banking. Its current cut throat telco business is getting worse year by year if you look at its yearly financial performance.
In the news:
Grab-Singtel, iFAST apply for Malaysian digital bank license
Bank Negara Malaysia is expected to issue up to five licenses by Q1 2022.
The Grab-Singtel joint venture and Singapore-based investment solutions firm iFAST Corporation have separately applied for a digital bank license in Malaysia.
In separate announcements, the two entities said that they have submitted applications for a digital bank license to Bank Negara Malaysia. Malaysia’s central bank is expected to issue up to five digital bank licenses by the first quarter of 2022.
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