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Singapore's digital banks dangle incentives to win new customers — is it sustainable?

Por: CNBC Tech February 21, 2023

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Singapore's new digital retail banks are offering lower fees, more incentives and waiving minimum account balances to win over customers from traditional banks. But how viable is this in the long run?Bloomberg Bloomberg Getty ImagesSINGAPORE — Digital retail banks in Singapore are pulling out all stops to win new customers.Trust Bank and GXS Bank — two online retail banks launched last year — are offering lower fees, more incentives... + full article



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