Standard Chartered rolls out digital bank in hot Singapore market


File pic.

SINGAPORE: Standard Chartered and FairPrice Group on Thursday rolled out their digital bank focusing on Singapore's retail segment, a move that comes on the heels of digital bank launches by GXS Bank and China's Ant Group in the affluent city-state.

The companies unveiled Trust Bank - owned 60% by the London-headquartered lender and the rest by Singapore-based supermarket FairPrice Group and its parent NTUC Enterprise - that offers a savings account, credit card, and a family personal accident insurance.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Petros to allocate RM40bil for capex over the next five years
Starbucks CEO vows to overhaul its cafes and simplify its menu
China tells carmakers to pause investment in EU countries backing EV tariffs, sources say
Gold hits record high ahead of key US inflation data
China Oct manufacturing activity expands for first time in six months
FGV appoints Fakhrunniam Othman as group CEO effective Nov 1, 2024
FGV Holdings to loan RM260mil to subsidiary for capital expenditure
Shahriman resigns as Sapura Resources MD
Sunway Construction accepts RM265mil additional works under JHB1X0 project
Senai Airport City, Chenbro Micom sign SPA for 6.09ha industrial land

Others Also Read