January 16 2020
News
Ping An’s OneConnect eyes backstage role in S-E Asian digibank race
ONECONNECT, the fintech associate of China’s Ping An Group, decided not to apply for a digital banking licence in Singapore after exploring the prospects, its chief executive for Asia-Pacific and the United Arab Emirates, Tan Bin Ru, told The Business Times.
“The digital banking space is a space that we are very interested to play in. It’s just that we don’t want to play in the form of owning the licence, but (via) our technology stack … We put everything that you need to start a digital bank in a one-stop shop,” Ms Tan says.
