Ant Financial considering applying for virtual banking license in Singapore

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Photo/VCG

Billionaire Jack Ma's Ant Financial said it may apply for a virtual banking license in Singapore, a move that would add a heavyweight contender to the race, according to Bloomberg.

In response, Ant Financial said to the Beijing News Tuesday that it welcomes the efforts in innovative financial services made by the Singaporean government and the company is considering the opportunity.

Editor: Tan Yuhan