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Fintech MatchMove sees digital banking bid as natural next step

It will lead a consortium consisting of three other equity partners in financial industry, namely Singapura Finance, UK's OpenPayd and Thailand's CP Group-linked Lightnet

Published Wed, Mar 18, 2020 · 09:50 PM

Singapore digital banks

Singapore

TO LOCAL fintech MatchMove, moving into digital banking is a natural extension of its payments business - and a plan that has been long in the works.

It has now officially put its ambitions on the table, bidding for a digital full bank licence in Singapore that comes with a hefty S$1.5 billion capital requirement, in the hope that this will be a prelude to digital banking expansion into South-east Asia.