The Digital Banks in Singapore
There are four digital banks in Singapore:
GXS Bank is a joint venture between Singtel and Grab. It offers a variety of banking products and services, including savings accounts, debit cards, and personal loans. GXS Bank is known for its competitive interest rates and its user-friendly mobile app.
MariBank is owned by Sea Limited, the parent company of Shopee and gaming giant Garena. MariBank offers a variety of banking products and services, including savings accounts, debit cards, and investment products. MariBank is known for its focus on financial inclusion and its innovative use of technology.
ANEXT Bank is a digital wholesale bank owned by Ant Financial, a subsidiary of Alibaba Group. ANEXT Bank provides financial solutions to small and medium-sized enterprises (SMEs) in Singapore. ANEXT Bank offers a variety of products and services, including business accounts, trade finance, and loans.
Green Link Digital Bank is a joint venture between Greenland Financial Holdings and LinkSure Network. Green Link Digital Bank is focused on providing financial services to the underserved and underbanked segments of the Singapore population. Green Link Digital Bank offers a variety of products and services, including savings accounts, debit cards, and remittances.
Digital banks in Singapore are generally known for offering better interest rates and lower fees compared to traditional banks. They also tend to be more innovative and user-friendly, with a focus on mobile banking.
How Bestar can Help
The Digital Banks in Singapore
Bestar can help you in a couple of ways depending on your needs in Singapore:
Company Formation and Registration: If you're looking to start a business in Singapore, Bestar can handle the entire company registration process for you. This includes incorporating your business, registering it with the Accounting and Corporate Regulatory Authority (ACRA), and obtaining any necessary licenses. https://www.bestar-asia.com/start-a-new-company
Corporate Secretarial Services: Bestar can also provide ongoing corporate secretarial services to ensure your business remains compliant with Singapore regulations. This includes services like maintaining your company's statutory records, filing annual returns, and arranging meetings.
Accounting and Bookkeeping: Bestar offers accounting and bookkeeping services to help you manage your business finances. This can include tasks like recording transactions, preparing financial statements, and filing tax returns.
Financial Advisory: Bestar's financial advisors can provide guidance and support on various financial matters, including tax planning, investment strategies, and business valuations.
Overall, Bestar acts as a one-stop shop to help you set up and manage your business in Singapore. We can handle the administrative tasks and provide financial expertise so you can focus on running your company.
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