By extending the assessment period, the applicants can focus on managing their existing businesses amid the Covid-19 outbreak.
SINGAPORE (Apr 9): The keenly fought for digital banking licenses will only be given by end of the year instead of the middle of the year, said the Monetary Authority of Singapore.
“The global escalation of the COVID-19 pandemic since then has prompted the implementation of enhanced safe distancing measures in Singapore, and many companies are allowing staff to work from home to the extent possible,” said MAS.
