The Beyond consortium led by V3 Group and EZ-Link has become the third player vying for a digital full bank licence in Singapore. It follows submissions by a Singtel-Grab team and another by Razer, Sheng Siong and four other partners.
Singtel and Grab have joined hands to apply for a digital full banking licence in Singapore. In a joint statement, the companies announced that they will form a consortium with Grab taking a 60 percent stake and Singtel 40 percent.
Indonesia-based Gojek is taking its ride-hailing service island-wide in Singapore from today. This follows a successful beta launch in November which covered the southern-central and eastern part of Singapore.
By Edward Lim
In the early 2000s, I visited Beijing for the first time and was amazed to see a taxi using a global positioning system (GPS) to get me to my destination. To put things in perspective, this was before the arrival of smartphones and GPS wasn’t even used in Singapore.
Uber is miles ahead of the competition in the worldwide ride sharing market, according to ABI Research. Regional leader Grab came in at third, behind Didi Chuxing of China and ahead of Lyft.
Go-Jek will be heading to the Philippines, Singapore, Thailand, and Vietnam in the next few months.
The Uber app will officially cease in Southeast Asia (SEA) on May 8, 2018. This follows the acquisition of its SEA business by rival Grab in March.
Most Southeast Asian capitals and major cities are notorious for its traffic congestion. In separate developments, Alibaba and Google have taken steps to be more involved in the transportation industries in Malaysia and Indonesia respectively.
Entelechy Asia turns five today. So much has changed since we launched in November 2012.