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GXS Bank targets SG small businesses in 2025
Singapore-based digital bank GXS Bank plans to launch business banking services by the first quarter of 2025.
The new services will initially target sole proprietorships and micro-businesses in Singapore.
The bank’s expansion will eventually include Malaysia and Indonesia, with a progressive strategy in both countries.
Currently, GXS Bank is testing its services with select sole proprietorships in its network, including partners of Grab and Singtel.
Recent GXS Bank developments
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27-Jun-2024 💰 GXS Bank receives S$229.5m capital injection from backers
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18-Apr-2024 🚖 GrabPay’s retreat is GXS Bank’s gain
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15-Jan-2024 💰 Grab injects additional $109m into subsidiary GXS Bank
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18-Jul-2023 💰 Grab deposits $101m in capital to GXS Bank (update)
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25-Apr-2023 💳 GXS Bank launches credit product for underserved SG consumers
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