SINGAPORE–(BUSINESS WIRE)–Sea Limited (NYSE: SE) (Sea or the Company) today announced that it has been selected for the award of a license to operate a digital full bank in Singapore. The Monetary Authority of Singapore announced earlier today that Sea has been selected for the award of a digital full bank license, the first time such a license is being awarded in Singapore.
Seas mission is to better the lives of consumers and small businesses through technology, and we are honoured to be selected by the Monetary Authority of Singapore for the award of a digital full bank license and to have the opportunity to offer digital banking services addressing the underserved financial needs of young consumers and SMEs in Singapore, said Forrest Li, Chairman and Group Chief Executive Officer of Sea. We are thankful to the Monetary Authority of Singapore for entrusting Sea with this important responsibility of broadening access to the opportunities of digitalisation. As a proudly homegrown company, we look forward to further contributing to the long-term development of our nations digital economy, creating more employment opportunities in Singapore, and empowering our whole community to thrive in the digital era.
Through its three platforms Shopee, Garena, and SeaMoney Sea is already deeply integrated into Singapores digital economy with young consumers and SMEs. Its digital bank will draw on insights about the needs of these users from across Seas digital ecosystem to innovate processes, products, and services that will improve the lives of young consumers and SMEs in Singapore and support the growth of the countrys digital economy by reducing the barriers to accessing financial services through technology.
About Sea Limited
Sea Limited (NYSE: SE) is a leading global consumer internet company founded in Singapore in 2009. Our mission is to better the lives of consumers and small businesses with technology. We operate three core businesses across digital entertainment, e-commerce, as well as digital payments and financial services, known as Garena, Shopee, and SeaMoney, respectively. Garena is a leading global online games developer and publisher. Shopee is the largest pan-regional e-commerce platform in Southeast Asia and Taiwan. SeaMoney is a leading digital payments and financial services provider in Southeast Asia.
Contacts
Investors / analysts: ir@seagroup.com
Media: Martin Reidy, media@seagroup.com
Starting from April 27th, at K11 MUSEA HONG KONG SAR - Media OutReach Newswire -…
SINGAPORE - Media OutReach Newswire - 27 April 2024 - A diverse group of eight…
GanNA founders Carolyn Bertozzi, Ph.D., and Richard D. Cummings, Ph.D., to serve as advisors to…
New $10 Takedown and Champions Tournament extend poker extravaganza SYDNEY--(BUSINESS WIRE)--April, May… it doesn’t matter…
Well positioned to capitalize with its AI-led propositions, global delivery model and ideal mix of…
Outstanding Digital Customer Experience as Key-to-Success in Canada Market TORONTO, CANADA - Media OutReach Newswire…