Singapore Telecommunications, Grab and Razer have expressed an interest since the MAS announcement, but Instarem is the first company to say it will apply for a license.
(July 1): Singapore cross-border payments startup Instarem is seeking partners in the lending business as it prepares to apply for a digital banking license in the city state.
The Monetary Authority of Singapore said on Friday it will grant as many as two digital full-bank licenses and up to three digital wholesale bank licenses.
