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Under the Radar: Singtel and Grab-backed digital bank GXS on increasing the stickiness of savers, regional progress and business projections
Today we’re going to talk about a digital bank that is backed by two of Singapore’s technology and telecommunications powerhouses Grab and Singtel. You might have guessed by now that we’re talking about GXS Bank. Launched in August 2022, GXS was positioned to address the pain points of Singapore’s underserved consumers such as gig economy workers, self-employed entrepreneurs and early jobbers in meeting their saving goals. GXS said this was done through its products offerings such as daily interest crediting which was new to the industry at the time, helping its consumers, who may be more…
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