GXS Bank

GXS Bank is a digital-only bank in Singapore focused on serving everyday consumers and small businesses, particularly the underserved and underbanked segments of the population. Backed by a consortium consisting of Grab Holdings (Southeast Asia's leading super app) and Singtel (Asia's leading communications technology group), GXS Bank holds a digital full banking license issued by the Monetary Authority of Singapore. This allows the bank to serve both retail and wholesale customers.

The bank targets financially underserved sectors including gig economy workers, self-employed entrepreneurs, Gen Z customers, and early-career professionals who make up more than one-third of Singapore's population. GXS Bank operates entirely through digital channels with no physical branches, delivering services via its dedicated mobile app as well as through integration with the Grab and Singtel Dash apps.