Zall Smart Commerce Joins Race for Singapore Digital Bank Licenses

Caixin Global | Jan 21, 2020 at 3:33 PM
  • Zall Smart Commerce Group, a Chinese business-to-business e-commerce company, said it’s part of a group applying for a digital wholesale banking license in Singapore, joining the race to shake up the city-state’s financial industry.
  • The Zall-led group is the latest applicant to announce bids for a digital wholesale banking license.
  • Other companies gunning for the licenses to serve corporate clients include Jack Ma’s Ant Financial.