Customers can apply for a 'numberless' credit card 😲💳
Trust Bank did not have to apply for a separate digital full digital licence, unlike GXS and Sea's Maribank, as Standard Chartered Bank in Singapore secured anto establish a subsidiary to operate new or alternative business models, such as a digital-led bank with ecosystem partners. This comes after it was awarded Significantly Rooted Foreign Bank privileges by the Monetary Authority of Singapore in August 2020.
For example, its app, which has been built based on feedback received during a user-testing period, allows customers with Singpass accounts to sign up for a Trust account in minutes, and use their digital card immediately.
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