World News: 00:11 GMT Wednesday 12th June 2019. [Yahoo Business News Feed via SPi World News]
HONG KONG/SINGAPORE (Reuters) - Grab, Southeast Asia's most valuable start-up, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online-only banks, four people with knowledge of the process said. Grab is close to hiring a consultancy to advise it on its banking potential and is gearing up to apply for a digital-only bank licence in Singapore if the banking regulator decides to open up the sector, said the people, who declined to be identified as they were not authorised to speak to the media. Singapore-headquartered Grab's interest in what would be its first foray into banking has not been reported before.
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