(October 17 12:48) Sbr.com.sg
Submitted By:
Sandra Sendingan
Case Study:
No
Entities would need a banking license first before using deposits to extend loans.
The decision by the Monetary Authority of Singapore (MAS) to ban e-wallet operators from using the funds they have to extend loans comes at the benefit of banks who are poised to enjoy their dominance over the deposit scene much longer, according to Moody’s Investors Service.
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