Tough for digital banks to gain market share in "saturated" Singapore, says DBS CEO

Tough for digital banks to gain market share in "saturated" Singapore, says DBS CEO

Piyush Gupta, chief executive officer of DBS Group Holdings Ltd Photographer: Wei Leng Tay/Bloomberg

Singapore’s digital banks will find it hard to carve out space in the city-state’s saturated market, said Piyush Gupta, the CEO of DBS Group, Southeast Asia’s biggest bank.