Singapore Tech News

Ride-hailing firm Grab launches a cloud kitchen facility in Singapore; known as GrabKitchen, the space will let third-parties run virtual restaurants with deliveries handled by GrabFood.

It will apply for a digital bank license in Singapore. Grab will have a 60% stake in the new entity, while Singtel will hold the rest.

Following Grab and Singtel’s move, Razer is leading a consortium to apply for the license and build the world’s first global youth bank.

The wholesale digital banking license would allow the firm to serve corporate clients in the city-state.

Ride-hailing giant Grab in partnership with global property and casualty insurance company Chubb, announced the launch of a travel insurance product, Travel Cover.

Singapore-based conversational AI startup Pand.ai has raised an undisclosed amount of pre-series A funding from Bualuang Ventures, the corporate venture capital arm of Bangkok Bank.

Singapore is introducing new payments legislation that offers global cryptocurrency firms a chance to expand their operations in the country by applying for operating licenses for the first time.