GXS Bank

GXS Bank is a digital bank established by a consortium between Grab Holdings, the Southeast Asian ride-hailing and delivery platform, and Singtel, Singapore's largest telecommunications company. The firm holds a digital full bank license granted by the Monetary Authority of Singapore, enabling it to serve retail customers and take deposits.

GXS distributes its banking products through its own mobile application as well as inside the Grab and Singtel super-apps. This embedded approach gives the bank direct exposure to Grab’s ride-hailing and food-delivery user base and Singtel's telecommunications subscribers, creating an acquisition funnel that does not depend on physical branches or traditional advertising.

The firm provides GXS FlexiLoan, an unsecured personal lending product that includes instalment loans and balance transfers. Promotional rates on instalment loans have been as low as 1.08% per annum (EIR 2.02%), with specific offers tied to partner brands such as IKEA. The bank also issues a starter credit card that charges no interest and imposes no minimum income requirement.

Yes, the bank launched GXS Invest, which allows customers to invest in mutual funds starting from S$1. The initial rollout in May 2026 included five funds, with a promotion offering up to S$300 cashback for the first 5,000 successful customers who held their investments through August 2026.

Deposits are insured up to S$100,000 by the Singapore Deposit Insurance Corporation. This insurance coverage is standard for licensed retail banks in Singapore and applies to balances held in the GXS Savings Account.