{"id":3549,"date":"2022-09-12T08:51:49","date_gmt":"2022-09-12T00:51:49","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=3549"},"modified":"2022-09-12T08:51:50","modified_gmt":"2022-09-12T00:51:50","slug":"daily-markup-586-gxs-bank-singapores-first-digital-bank-by-grab-and-singtel-launches-savings-account-with-up-to-1-58-annual-interest-rates","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=3549","title":{"rendered":"Daily Markup #586: GXS Bank, Singapore\u2019s first digital bank by Grab and Singtel, launches savings account with up to 1.58% annual interest rates"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/cnddr9whm6G2wLoKACHwzO8VhF598808FXtBlL4DE7_zwPp6asVJHV6GuBfTvbieMzmYmOqRvUFYF00gQzRG70gZwIdmUQq8Fe_7c4xud9s_8rcyJ95VA8q7YdsWgpSPYix1uHs4pSdpZbq2Mnq4GKHvGX8GcUzOTuydfeEDUUhhNtRtuJDc1b1_lQ\" alt=\"\" \/><figcaption>Credit: <a href=\"https:\/\/sbr.com.sg\/financial-services\/news\/grab-singtel-led-digital-only-bank-gxs-debuts-in-singapore\">SBR<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><strong>The future of banking today<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Remember when 500-backed superapp <a href=\"https:\/\/www.grab.com\/sg\/\">Grab<\/a> formed a consortium with Singapore telco company Singtel, and the team was <a href=\"https:\/\/www.straitstimes.com\/business\/banking\/mas-awards-digital-full-bank-licences-to-grab-singtel-and-sea-ant-gets-digital\">awarded one of Singapore\u2019s first digital banking licenses<\/a>?<\/li><li>Together, they formed <a href=\"https:\/\/www.gxs.com.sg\/\">GXS Bank<\/a>, which just <a href=\"https:\/\/bit.ly\/3qqxuKE\">launched its first financial product, the GXS Savings Account<\/a>. GXS will allow customers to earn daily interest deposits of up to 1.58% per annum with no requirement for minimum deposits!<\/li><li>GXS is aiming to provide its services to customers, including the underbanked segment, by leveraging the tech capabilities of both Grab and Singtel. Both platforms are currently used by more than 3 million Singaporeans.<\/li><li>Charles Wong, Singapore CEO of GXS says the digital bank optimizes basic savings account to support the needs of entrepreneurs, gig economy workers, and early-jobbers.<\/li><li>\u201cOver the coming months, we will also tackle other obstacles that hinder consumers and small businesses from reaching their goals sooner, such as growing their wealth or accessing credit,\u201d he added.<\/li><li>Read the full article on Forbes <a href=\"https:\/\/bit.ly\/3qqxuKE\">here<\/a>.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The future of banking today Remember when 500-backed superapp Grab formed a consortium with Singapore telco company Singtel, and the team was awarded one of Singapore\u2019s first digital banking licenses? Together, they formed GXS Bank, which just launched its first financial product, the GXS Savings Account. GXS will allow customers to earn daily interest deposits [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3550,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[143],"class_list":["post-3549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-grab"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #586: GXS Bank, Singapore\u2019s first digital bank by Grab and Singtel, launches savings account with up to 1.58% annual interest rates - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=3549\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #586: GXS Bank, Singapore\u2019s first digital bank by Grab and Singtel, launches savings account with up to 1.58% annual interest rates - Markup\" \/>\n<meta property=\"og:description\" content=\"The future of banking today Remember when 500-backed superapp Grab formed a consortium with Singapore telco company Singtel, and the team was awarded one of Singapore\u2019s first digital banking licenses? Together, they formed GXS Bank, which just launched its first financial product, the GXS Savings Account. GXS will allow customers to earn daily interest deposits [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=3549\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-12T00:51:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-12T00:51:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2022\/09\/photo-1-ceo-charles-wong_0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"411\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ching Yee Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=3549#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2022\/09\/photo-1-ceo-charles-wong_0.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2022\/09\/photo-1-ceo-charles-wong_0.jpg\",\"width\":730,\"height\":411},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=3549#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=3549\",\"name\":\"Daily Markup #586: GXS Bank, Singapore\u2019s first digital bank by Grab and Singtel, launches savings account with up to 1.58% annual interest rates - Markup\",\"isPartOf\":{\"@id\":\"https:\/\/dailymarkup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=3549#primaryimage\"},\"datePublished\":\"2022-09-12T00:51:49+00:00\",\"dateModified\":\"2022-09-12T00:51:50+00:00\",\"author\":{\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=3549#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailymarkup.com\/?p=3549\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailymarkup.com\/?p=3549#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailymarkup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Daily Markup #586: GXS Bank, Singapore\u2019s first digital bank by Grab and Singtel, launches savings account with up to 1.58% annual interest rates\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f\",\"name\":\"Ching Yee Ho\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g\",\"caption\":\"Ching Yee Ho\"},\"url\":\"https:\/\/dailymarkup.com\/?author=5\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Daily Markup #586: GXS Bank, Singapore\u2019s first digital bank by Grab and Singtel, launches savings account with up to 1.58% annual interest rates - Markup","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailymarkup.com\/?p=3549","og_locale":"en_US","og_type":"article","og_title":"Daily Markup #586: GXS Bank, Singapore\u2019s first digital bank by Grab and Singtel, launches savings account with up to 1.58% annual interest rates - Markup","og_description":"The future of banking today Remember when 500-backed superapp Grab formed a consortium with Singapore telco company Singtel, and the team was awarded one of Singapore\u2019s first digital banking licenses? 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