Singapore's digital banks struggle for profits as traditional rivals thrive; Grab, Sea, StanChart-backed lenders face challenges 3 years after launch

Profits, and customers, prove elusive for Singapore's digital banks

Singapore's three digital banks are finding it hard to turn a profit, some three years after they launched. (Nikkei montage/Source photos by screenshot from Trust Bank Singapore's website and AP) ASEAN MoneyLenders backed by Grab, Sea, StanChart hang on as legacy rivals DBS, UOB, OCBC boomDYLAN LOHAugust 12, 2025 06:00 JST...