SG Digest: Ant, Grab, StraitsX collaborate for PBM for cross-border payments; XREX gets MPI licence

SG Digest: Ant, Grab, StraitsX collaborate for PBM for cross-border payments; XREX gets MPI licence

Photo by Kirill Petropavlov on Unsplash.

Ant, Grab, and StraitsX have jointly collaborated to explore PBM for cross-border payments, while XREX said its Singapore-unit has received in-principle approval for a Major Payments Institution (MPI) licence.

Edited by: Joymitra Rai